The Southern economy was very dependent on slaves. Slaves did work for free, but ended up giving the Southerners a lot of money. The North didn't have the need for slaves as they didn't have as many plantations or land good for farming. Instead Northerners had industries that grew quicker than the South's crops. The South was forced to buy their manufactured goods from the Northern and sell their crops to the North for low prices. Many Southerners despised the uneven difference of the farming, which only helped increase tensions when the Civil War started up.
The South was very agricultural whereas the North was not. The North's economy was based on manufacturing and the South had plantations where crops were grown.
The north had an industrial based economy. The south had an agricultural based economy.
The south's economy was based largely on growing cotton. The north's economy was based on industry.
what were two key differences between the north's economy and the south's economy?
Life in the South was heavily reliant on agriculture, particularly cotton and tobacco, and was characterized by a plantation economy and a large population of enslaved people. In contrast, life in the North was more industrialized, with a focus on manufacturing and trade. The North also had a more diverse economy and a larger immigrant population.
The South Korean economy is about 20 times larger than the North Korean economy.
The north differed from the south in that it's economy was based on industry, rather than agriculture.
The North's population was much larger than the South's.
The North's population was much larger than the South's.
There are major economic differences between the North and South in Italy. The economy is mixed. The North is industrial and the South is agricultural.
The North's population was larger
The North has cattle, wheat, and corn. The North farmed and food to eat. Which the South had cotton, their cash crop.