Textiles
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Twopence GBP in 1850 had the purchasing power of about £0.64 GBP today. NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.
In 1836, Texas became independent, the Mexicans left, leaving their cattle behind. Texan farmers claimed the cattle and set up their own ranches. Beef was not popular so the animals were used for their skins and tallow. In the 1850s, beef began to be more popular and its price rose making some ranchers quite wealthy.
During the 1850s-1860s, the South was being particularly beaten financially, due to spending tactics issued from the North. For example: A farmer in Texas, who's crop is cotton, would have to pay for it's shipping, both to AND from the looms in the North. They had to pay for cross-state toll fees wherever the train tracks crossed a toll road. They had to pay for the coal and wood used to keep the trains going. As a result of these tactics, the South become financially unstable, as farmers would go bankrupt, resulting in some cases to theivery of Northern goods as being the only recourse the South had, in many cases, to sell and use the proceeds to feed a given town, city, area. The Northern Looms also stipulated payment by weight. If the load they received was not the exact agreed weight, whether in lack or excess, the farmers in the south would not get paid. The farming of cotton, before the cotton gyn, was gruelling work which no one person can possible do alone. It took several teams of people, usually between 53-102, in order to succesfully harvest a full crop sufficient for payment from the Looms in the North. Since money was extremely tight, the only means the South had to accomodate the need for personnel, was through slavery. Slavery was recognized as a standard for basic survival. Since farmers could not make enough money to pay for the help they needed, they would, instead, provide housing, clothing, and food. These resources, which were plentiful in the South, were recognized by the North as being of little or no monetary value.
Iron and steel has been of paramount importance since the 1850s. It however, has a very diversified economy, including manufacturing, food and beverages glass and chemical products.
This is not a question and you misspell.
an agriculture economy overly dependent on cotton and slave labor.
The economy of the south depended on cotton, which was the largest export of the United States. Tobacco was the #2 crop in most of the south.
In the 1850s, North America was beginning to industrialize. The economy shifted from a farming-based economy to one driven by production of goods and machines.
Immigration and slavery
Many people who worked in the early clothing industry, both as inside cutters and contract seamstresses, were immigrants, primarily Irish in the 1840s and Germans in the 1850s.
one of a number of important issues before Congress.
Why did the 1850s have no electricity?
The most important political issue in the United States during the 1840s and 1850s is the issue of slavery. During these years leading up to the Civil War abolitionists begin petitioning the government on slavery issues.
It was more important in the North than the South. (Apex)
slavery and Immigration