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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. The Embargo of 1807 abruptly ended the export boom of the Napoleonic Wars, a recession followed the War
Would slavery have survived had the country managed to avoid the Civil War? How did the plantation economy work? How did economic issues influence the coming of the Civil War?
A History of the Global Economy. Why are some parts of the world poor today, while others are rich? At which point in time did they diverge, and what were the reasons? These core questions are addressed in a concise and accessible introduction to global economic development since 1500.
The Antebellum South era (from Latin: ante bellum, lit. ' before the war ') was a period in the history of the Southern United States that extended from the conclusion of the War of 1812 to the start of the American Civil War in 1861. This era was marked by the prevalent practice of slavery and the associated societal norms it cultivated.
History Resources. Infographic: North-South Comparisons before the Civil War. by Gilder Lehrman Institute. Download this infographic as an image. Stay up to date, and subscribe to our quarterly newsletter. Learn how the Institute impacts history education through our work guiding teachers, energizing students, and supporting research.
I document the differential effect on wealth accumulation in the North and South and the changes in the returns to occupation in order to test whether the Civil War decade was a turning point in the U.S. economy in terms of both where and how wealth was accumulated.
1) Two distinct economic cultures had arisen within the United States in the years before the Civil War, economic cultures that were similar to what caused the split of the American colonists from the British Empire in 1776. This led to distinct views of southern and northern nationalism.
