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How were the economies of the Northern and Southern states different? How were they the same? What factors led them to develop differently?
(4 points)
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1) Northern economy: industrial and diversified — factories, wage labor, growing cities, many railroads and canals, manufacturing and commerce alongside mixed farming.
2) Southern economy: agrarian and specialized — large plantations growing cash crops (especially cotton and tobacco), heavy reliance on enslaved labor, less industry and fewer cities or rail networks.
3) Similarity: both were market-oriented and economically interdependent — the South supplied raw cotton and food, the North provided manufactured goods, shipping, finance, and benefited from trade.
4) Reasons for different development: geography/climate favored plantation crops in the South and varied industry in the North; invention of the cotton gin and global demand boosted Southern cotton; different labor systems (slavery vs. immigrant/wage labor), patterns of investment, infrastructure, and social/political choices reinforced the split.
2) Southern economy: agrarian and specialized — large plantations growing cash crops (especially cotton and tobacco), heavy reliance on enslaved labor, less industry and fewer cities or rail networks.
3) Similarity: both were market-oriented and economically interdependent — the South supplied raw cotton and food, the North provided manufactured goods, shipping, finance, and benefited from trade.
4) Reasons for different development: geography/climate favored plantation crops in the South and varied industry in the North; invention of the cotton gin and global demand boosted Southern cotton; different labor systems (slavery vs. immigrant/wage labor), patterns of investment, infrastructure, and social/political choices reinforced the split.
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