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.
Before the War it was great. During and afterwards it was terrible.
Many before and after the war were white supremacists.
The Norths economy during the civil war and in general during this time period was industry and trade, the Souths was agriculture The Northern economy wasn't as badly hurt by the war as the economy of the South. (APEX)
It wasn't as bad as it was during war time.
The South's economy was devastated after the US Civil War. As a summary statement, for a forty year period after the Civil War, the economy of the South was stagnated, and two thirds of its wealth was destroyed.
Like most economies during times of Civil War the United States economy collapsed tremendously, but re-grew after when the Industrial Revolution began.
Which form of business was common before the civil war
The north wanted to destroy the Souths economy, that way the south wont have any supplies or anything like that. Also that way, the north will win the war.
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Colonies are usually valuable for the raw materials and agricultural products that they export and have to import manufactured goods. This was true of the South before the Civil War and for many years after that also.
The same it was in Louisiana.
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