Exports
The basis of the economy in the Southern American colonies was tobacco and cotton exports. As the colonies expanded westward, and later when much of the South was part of the USA, cotton exports expanded. There was demand for cotton in England as well as in the New England textile mills.
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what was the role of the factor in the southern economy
What was one of the most important differences between the northern economy and the southern economy? The northern economy was industrially based. The Southern economy was agriculturally based.
Supply And Demand is the basis of most activity in a market economy.
Like in all pre-industrial economies, the basis of the Roman economy as agriculture.
The loss of slavery would threaten the Southern economy.
the southern economy's counted on Cotton and Slaves . just Cotton and Slaves
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The New England economy was based on products from the forests and the southern Economy was based on farming.