Asked in US Civil WarHistory of the United StatesEconomics
What was the South's economy like before the US Civil War?
November 20, 2016 10:08PM
It was based on several major crops which were cotton, tobacco and rice. Southern cotton dominated the world markets.
There was hardly any significant industrialization. It was, for all practical purposes an economy based on agriculture. With that said, there was some industry in both Nashville and Richmond. The same was true for the shipyards in Mobile Bay, Alabama.