The southern economy was based on
WebThe credit system in the South, based on the so-called "crop lien" (whereby people borrow money pledging the future cotton crop as their collateral to a merchant), leads to over … Building a commercial enterprise out of the wilderness required labor and lots of it. For much of the 1600s, the American colonies operated as agricultural economies, driven largely by indentured servitude. Most workers were poor, unemployed laborers from Europe who, like others, had traveled to North America for a … See more Slave labor had become so entrenched in the Southern economy that nothing—not even the belief that all men were created equal—would dislodge … See more Picking and cleaning cotton involved a labor-intensive process that slowed production and limited supply. In 1794, inventor Eli Whitney devised a machine that combed the … See more By war’s end, the Confederacy had little usable capital to continue the fight. In the conflict’s waning days, it is believed that Confederate officials stashed away millionsof dollars’ worth of gold, most in Richmond, Virginia. … See more By the start of the 19th century, slavery and cotton had become essential to the continued growth of America’s economy. However, by 1820, … See more
The southern economy was based on
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WebMar 7, 2024 · Southern separatism in defense of slavery culminated in 1860–61, when 11 Southern states (South Carolina, Mississippi, Florida, Alabama, Georgia, Louisiana, Texas, …
WebOct 14, 2024 · Short & Quick Answer: 1. First Change: The Southern States’ Economy Transformed From Agricultural Sector To Industrialization. 2. Second Change: Increased … WebThe southern economy was more diversified C Before the civil war slavery expanded in the south rather than in the north because A. The constitution contained a clause the out …
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WebThe South relied on slavery heavily for economic prosperity and used wealth as a way to justify enslavement practices. Overview With the invention of the cotton gin, cotton became the cash crop of the Deep South, stimulating …
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