Because the Union naval blockade became steadily more effective, and they were unable to export their plentiful cotton in exchange for war supplies.
Also most of the battles were in the South, and the farms and railroads suffered increasing damage, especially when Sherman launched his March to the Sea.
All of this wrecked the economy, and the Confederate dollar was down to five cents by early-1864.
The south was not allowed to import or export any goods during this blockade which lasted most of the Civil War.
Their Economy Flourished.
The Northern blockade meant the South could not sell its cotton.
During the Civil War, the men were busy fighting. The South sold their cotton to England and the Union was blockading the coast to prevent that. Also General Sherman burned everything in his path to prevent the South from having food or supplies to fight. The South was devastated by the war.
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.
bad.
it wasn't as badly affected as the south.
In the south
yes the south agriculture the north industrial
California was not considered part of the South. In the South Cotton controled the economy. In California gold was the chief economic element.
The south was not allowed to import or export any goods during this blockade which lasted most of the Civil War.
Their Economy Flourished.
The South (The Confederacy) was primarily an economy based on agriculture, which was hardput to finance a war. Further, the Union conducted a naval blockade of southern ports, preventing needed supplies from getting in.
deteriorated
The North had more factories than the South because the South relied on their agricultural based economy.
The north had very little knowledge of the south's land. The south had an extremely poor economy.
The agricultural status of the Southern states was extremely high. Over 80% of the South's economy came from agriculture. Whilst industrially, it was in the dumps, while the North's industrial economy was boosting. That was a huge disadvantage for the South during the civil war.