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it help by the slaves not having to be payed

Free labor meant that white people could keep all the money that they earned making many people rich.

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Which of the following groups argued that slavery was necessary for the economy?

In ancient societies, slavery was used for a nation's economy as a normal part of the world from the view of ancient rulers and slave owners. Using ancient Rome as an example, any enemy who fought against the power of Rome and lost, the enemy and their families would be kept as slaves or sold into slavery to other trade friendly nations.In modern times, meaning for example the 1600's to the end of the 19th century, slave owners believed that cheap slave labor helped themselves and the economy. In the Southern states of the United States, slaves were also a way of life and as in other times, a cheap source of labor. The idea of white slavery was not possible, African Blacks were deemed fit to only be slaves based on race.


Is open end economy better than closed economy?

no


How serious was the economic damage to the Southern economy due to the US Civil War?

The Southern economy was devastated due to the fighting that occurred during the US Civil War.As an example, by the year 1900, agriculture output in the South had only reached 75% of what it was in 1860. This is a disturbing figure and may have contributed to emigration of many people from the South to the Western frontiers and to the Northern industrial states following the end of the war.


How payment of tax help the economy?

cause if the people in the economy pays more of the taxes they will end up having jobs. when they have a job they will end up having kids


Why does the Federal Reserve alter monetary policy?

The Federal Reserve alters monetary policy to influence the amount of money and credit in the U.S. economy. These changes affect interest rates and the performance of the economy. The end goals of monetary policy are sustainable economic growth, full employment and stable prices.

Related Questions

How did the southern economy change after Reconstruction?

The South had developed a more balanced economy after Reconstruction


How did actions of northern states differ from actions of southern states regarding slavery after the American revolution?

The northern states began working to end slavery, but the southern states needed slaves because they thought their economy would suffer without them.


How did The actions of the northern states differ from actions of southern states regarding slavery after the American revolution?

The northern states began working to end slavery, but the southern states needed slaves because they thought their economy would suffer without them.


How did the actions of northern states differ from actions of southern states regarding slavery after the American revolution?

The northern states began working to end slavery, but the southern states needed slaves because they thought their economy would suffer without them.


How did the actions of northern states differ from action of southern states regarding slavery after the American revolution?

The northern states began working to end slavery, but the southern states needed slaves because they thought their economy would suffer without them.


What did southern think when a abolitionist wanted to end slavery?

the Southern planters thought that slavery shouldn't be ended for they needed the slaves for their crops


End of slavery affect agriculture in the south?

apples


Why didn't the framers of the constitution write any provisions to end slavery into the constitution?

Slavery was economically and culturally entrenched in the southern states in the late eighteenth century. The southern States would not have supported the ratification of the Constitution if it had called for the end of slavery.


Why did the Framers not abolish slavery when they wote the constitution?

Slavery was economically and culturally entrenched in the southern states in the late eighteenth century. The southern States would not have supported the ratification of the Constitution if it had called for the end of slavery.


How did the southern lawmakers feel about slavery in the sectionalist debate of the 1850?

The southern lawmakers felt that slavery was a profitable business and did not want it to end and did not want to lose slave territory.


How did the northern and southern armies differ most in the civil war?

Well, to state the obvious, the northern army were fighting for slavery to end, and the southern army wanted slavery to continue.


What would James Henry Hammond say about whether or whether not slavery should end?

James Henry Hammond was a strong advocate for slavery and believed that it was essential for the economy and social structure of the South. He would argue against the abolishment of slavery, asserting that it was necessary for maintaining the Southern way of life and the prosperity of the plantations.