How were the economies of the Northern and Southern states different? How were they the same? What factors led them to develop differently? In two to three sentences.

Answer 1

The Northern states had a more industrialized and diversified economy, characterized by manufacturing, trade, and urbanization. In contrast, the Southern states relied heavily on agriculture, specifically cotton plantations, supported by slave labor. These varying economic structures were influenced by geographic factors, such as climate and soil conditions, as well as historical factors like the institution of slavery and the influence of British mercantilism.