Question

How were the economies of the Northern and Southern states different? How were they the same? What factors led them to develop differently? In 4 sentences

1 answer

The Northern states had a more industrialized economy, with a focus on manufacturing and trade. They had a larger population and more immigrants, which contributed to their industrial growth. The Southern states, on the other hand, had an agrarian economy and heavily relied on plantation agriculture, particularly for cotton production. Slavery played a significant role in the Southern economy, as it provided a cheap source of labor. These differences in economies were largely influenced by geography, with the North having access to more natural resources, transportation routes, and a more diverse economy.