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Study with Quizlet and memorize flashcards containing terms like What type of economy did the South have pre-Civil War?, During the 1800's, what was the main cash crop in the South?, How did the Industrial Revolution affect the demand for southern cash crops? and more.
Study with Quizlet and memorize flashcards containing terms like What type of economy did the South have pre-Civil War?, During the 1800s, what was the main cash crop in the South?, How did the Industrial Revolution affect the demand for southern cash crops? and more.
Study with Quizlet and memorize flashcards containing terms like Understand the difference between the economy in the North and the South, Know the difference between the North and the South on high tariffs, The Compromise of 1850--what did this include? and more.
As the industrialized North and the agricultural South grew further apart, five major trends dominated American economic, social, and political life during this period. First, the Market Revolution—the shift from an agricultural economy to one based on wages and the exchange of goods and services—completely changed the northern and western ...
The plantation system created an environment for the South to experience an economic boom in the 17th, 18th and early 19th centuries. However, reliance on both the plantation system and more widespread slave labor, left the South in a precarious economic situation.
2.1 Economic Development, Nominal Wage Flexibility, and Antebellum Labor Markets. America experienced several expansions and contractions in economic ac- tivity between its founding and the Civil War.
Before the Civil War per capita income and growth in the South compared favorably to per capita income and growth in the North (Fogel 1989: 85). Compared to other countries, and especially other Western slave economies, the South was a success.
