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.
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.
The Southern economy had been devastated by the US Civil War. Most of the battles were fought on Southern soil destroying farms and small industries.Post war Reconstruction, headed by the radical wing of the Republican Party had Southern leaders scrambling on how to keep former slaves economically down and politically impotent. Thus instead of focusing on economic development, Southern leaders used their post war years to install a white power political, social and economic system. This was accomplished as after the years passed, the North went about its westward expansion and left the South to their own devices.
The success of the cotton trade led the South to feel strong enough to form a separate nation. The tariffs on imports had set up a lot of resentment over the years, as it was the non-industrial South that needed the imports.
1) The South lost the war. 2) They lost their slaves, who were set free by President Lincoln. 3) Cotton, their main economy, was no longer important to the world. 4) Many parts of the South were ravaged by the war. 5) Many Southerns were killed or maimed for life. 6) Many Southerners refused to accept the fact they lost the war and would spend the rest of their lives unable, or unwilling, to start over. 7) The economy of the South before the war was dependent on agriculture and it took a long time for it to recover. 8). The currency of the South during the war was different from the dollars of the North, and it took a long time after the war ended for Southerners to earn an adequate amount from Union money. 9) Many Southerners fled the South and went West or North, looking to start over, rather than trying to rebuild the South.
It has changed from being a manufacturing led economy to being a service industry and financial centre led economy.
If you date it from the Missouri Compromise (1820), the answer is forty-one years.
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.
Elizabeth Blackwell was forty years old when the Civil War started. She was 45 when it ended.
an agriculture economy overly dependent on cotton and slave labor.
pretty much smashed both of them for a few years
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.
The duration of Forty Years is 1.42 hours.
The United States Civil war fought between the northern Union soldiers and the southern Confederate soldiers was fought from the years 1861 until 1865.
Forty Years On - song - was created in 1872.
Forty Years was created on 1938-08-28.
Forty Years' War happened in 1385.
The economic reason for the civil war was the taxes on imported and exported goods. The tariffs that the national government put on imported and exported goods affected the Southern economy, but benefited the Northern economy. This helped escalate tensions between the Union and the Southern states. The southern economy depended on selling cotton overseas, but the North had become very industrialized, and their profits went down when trading with England and other European countries was so easy, so the U.S. put taxes on Importing and Exporting goods to encourage trade between the sections of the country. Slavery was the obvious social/political reason for the American Civil War. Most people in the North wanted to abolish slavery, while the Southern society and economy held the institution at its center. The debate over whether new states entering the union should be slave or free was a heated one, especially as in the years before the civil war, the number of Senators from slave and free states were equal, and each side wanted to prevent the other from having an advantage.