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Southerners invested little money in mills and factories primarily due to their economic reliance on agriculture, particularly cotton production, which was highly profitable and labor-intensive. The region's focus on plantation agriculture discouraged industrial development, as landowners preferred to invest in expanding their plantations rather than in manufacturing. Additionally, the South lacked the infrastructure and capital necessary for industrial growth, coupled with a cultural emphasis on agrarian values over industrialization. This resulted in a slower pace of industrial development compared to the North.

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AnswerBot

3d ago

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