Western Europe's prosperity is based on strong economies
Because the southern states were economies based on slavery and many in the northern states felt that slavery was wrong.
The economy of Southern Europe is one of the largest economies in all of Europe. It is more agriculturally based than the other regions of Europe, especially in the southeastern portion. However, there are very large industrial based economics in Southern Europe as well, mostly in Italy and Spain.
(Apex Learning) "Traditional societies have simple economies that are often farm-based."
Economies of most, but not all, cultures are based on some type of currency (money). Economies could also be based on barter, gold, etc.
Many societies in developing countries are currently in a transition phase from agrarian to industrial economies. Countries such as India, China, and various African nations are experiencing rapid industrialization and urbanization as they shift from agricultural-based economies to manufacturing and service-based industries.
Bahaudin Mujtaba has written: 'Afghanistan' -- subject(s): Economic conditions, Politics and government 'Privatization and Market-Based Leadership in Developing Economies'
Slavery during the colonial time was profitable for both the northern and southern colonies. However, southern economies depended so steeply on the agricultural goods produced in vast quantities. The north on the other hand were primarily based on commercial economies which heavily relied on their numerous ports which required less slave labor.
Roman slavery was not based on race.
Chesapeake slavery was based on Tobacco.
There are several countries that have a market based economies. France and England are two countries that have this type of economy.
The two most widespread economies in the Middle East are oil-based economies and service-based economies. Oil-producing countries heavily rely on revenues from oil exports, while service-based economies focus on sectors like tourism, finance, and real estate. Both types of economies play a significant role in the overall economic landscape of the region.