answersLogoWhite

0

Northern industry benefited from slavery in the South primarily through the supply of raw materials, particularly cotton, which was essential for the booming textile industry in the North. The cheap labor provided by enslaved people allowed Southern plantations to produce cotton at a low cost, leading to increased profits for Northern manufacturers who processed and sold the finished goods. Additionally, the financial institutions in the North, including banks and insurance companies, profited from investments in Southern plantations and the slave trade, further intertwining the economies of the North and South.

User Avatar

AnswerBot

2w ago

What else can I help you with?

Continue Learning about Economics

Did scalawags argue that slavery was necessary for the economy?

Scalawags, who were Southern whites that supported Reconstruction and the Republican Party after the Civil War, generally did not argue that slavery was necessary for the economy. Instead, they often sought to promote economic development and integration with the Northern states, advocating for policies that would benefit the South's economy in a post-slavery context. Many scalawags were more focused on progressive reforms and rebuilding the South rather than defending the institution of slavery.


Why was slavery an economic concern for the north and south?

The North was afraid the South would use slave labor for industrialization and destroy Northern business


How did high tariffs on imported goods affect the southerns economy?

The tariffs protected Northern industry from cheap imports. The South had virtually no industry, and cheap imports suited them very well. So with a Northern majority in Congress, the tariffs looked like the North taxing the South. This pulled the two sides further apart.


What did the economy of the south depend on?

The Economy of the South depended on slavery.


How did the economies of the Northern states and the Southern states differ as the US Civil War began?

The economy in the Northern states was in the process of improving its industrial base and also had farmlands that grew such grains as wheat. It was perfectly balanced to wage a war. On the other hand, the economy of the South was heavily based on agriculture. There was little industry in the South.

Related Questions

What are titans of industry?

also known as the knights of the guild, the titans of industry was formed by Andrew Johnson to help rebuild the south during the reconstruction period. The titans of industry were composed of northern as well as pro slavery owners of the south


How did Southern slaveholders attempt to convince people in the North to support slavery?

The Southerners pointed out that northern industry relied on southern cotton. Southern slaveholders argued that slavery benefited both the South and the North because the North's textile and shipping industries depended upon cotton from the South.


Why did the southerners feel that their way of life was under attack?

because the northern states were trying to abolish slavery, which was critical to the cotton and agricultural industry in the south.


An issue dividing the north and south?

slavery and the industry


What did the south benefit from slavery?

the benefit they had was control, no working (being lazy), and they didn't have to pay the slave


What is problem that led to the civil war?

slavery states rights Tariffs on imported goods, to protect Northern manufacturing industry. Congress was able to levy these tariffs because the Northern states dominated the vote. The South only had one industry - cotton - so it needed many imports. It saw the tariffs as a hostile tax on the South.


What was the name of the issuedivding the north and south?

The slavery question. Also the tariffs which protected Northern industry against cheap imports. (The South had only its one big commodity, cotton, and needed many kinds of import.)


Why did the northern and southern delegates have different ideas about slavery?

the northern and the south delegates have different ideas about slavery because the southern needed slaves and the northern did not


Who were the northern democrats who sympathized with the south?

No, because it was pro-slavery.


In what ways were cotton production and slavery were a burden to the south than a benefit?

;oloqwehgjfjgnwegjk


Was there slavery in the northern colonies?

No, only in the south colonies. The north colonies were against slavery. There were few in the north colonies.


Why did the Union think slavery was bad?

Most of the Northern population believed that on moral and religious grounds, slavery was an evil institution. The Northern economy was not based on slavery, although the cotton from the South was produced by the labor of slaves.