Generally speaking, the slavery in the South and its agrarian economy led to its downfall. The North had good farmland and did not depend on slave labor.
It was strictly agricultural
an agricultural economy overly dependent on cotton and slave labor
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.
Georgia's agricultural economy depended on trade.
After the American Revolution, the southern agricultural economy initially faced challenges due to war disruptions and changes in trade relationships. However, it soon rebounded with the rise of cotton as a cash crop, which led to an increased demand for slave labor. The invention of the cotton gin in 1793 further intensified the reliance on slavery, entrenching it deeply in the Southern economy. As a result, slavery became more institutionalized and expanded in the South, despite growing abolitionist sentiments in the North.
the south needed slave labor to support its manufacering economy
It was strictly agricultural
Tourism, which provides between 11 and 16% of the region's income.Commodity prices, as southern Mexico has a high dependence on agricultural products and cash crops as sources of income, between 15 and 20% of the region's income.
agriculture
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Agricultural base. Raising and selling cotton was the main source of money for the South.
economic independence decreased and dependence increased
economic independence decreased and dependence increased
an agricultural economy overly dependent on cotton and slave labor
economic independence decreased and dependence increased
The southern colonies had an agricultural economy, with cash crops such as tobacco, rice, and indigo driving their prosperity. Slave labor played a significant role in the economy of the southern colonies, especially in large plantations. Trade with Europe also played a key role in the economy of the southern colonies.
One way southern and northern societies differed in the 1800s was their economic dependence on slavery. The southern economy was heavily reliant on slave labor for agriculture, while the northern economy was more industrialized and did not depend on slavery.