answersLogoWhite

0


Best Answer

North - a thriving industrial economy, with factories working flat-out to make war-supplies, with full freedom to import and export, and new immigrants arriving from urope, bringing useful skills with them.

South - a single-product economy, dependent on cotton exports, which were prevented by the Northern blockade, almost no industrial manufacturing, and a currency that depreciated to virtually nothing.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What best describes the economics of the north and south during the civil war?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

How did the economics of the North and South differ during the US Civil War?

For all practical purposes, the Northern states at the beginning of the US Civil War was highly industrialized in comparison to the South. The North also enjoyed crop yielding land far enough away from threats by Confederate forces. The North had an extensive railway system and ship building capacity that was a strength for its economy. In the South, cotton and tobacco crops were the mainstay of its economy. The South was also heavily dependent economically on slave labor. This was not the case in the North, except for the slave holding Union border states.


Which describes a significant difference between the North and the South in the years leading up to the US Civil War?

The leading differences between the North and the South leading towards the US Civil War was their respective economies. The North was rapidly expanding manufacturing while the South was primarily an agricultural economy. Also, the Southern economy was driven by slaves. For the most part the North had few slaves at all.


What statements correctly explains economic conditions in the South during the Civil War?

The statement that correctly explains economic conditions in the South during the Civil War was that they were very poor and relied heavily on agriculture. This greatly contrasted the North which was more industry oriented.


Why did north experience a huge economic growth during the civil war?

Because the war set up a demand for all the goods that Northern factories and farms could supply.


What were the economic importances during the US Civil War?

The economic consequences of the Civil War are largely due to Northern control of the federal government during and after the war. It stimulated the industrial revolution in the North. The effects were devastating in the South.

Related questions