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No it did not, the South weathered the panic better and cotton prices remained high despite a small decline overall and production increased. Thus in the eyes of many Southerners their economic model was superior to the North. The claim that Cotton is King had it's origins in this crisis.
What else can I help you with?
Which crops were an important part of the economy in the Southern Colonies?
Crops that were an important part of the economy in the Southern Colonies were tabacco, rice, and indigo.
What products did the southern colonies produce in their economy?
the southern had
What was the southern colonies economy?
The Southern Colonies' economy relied heavily on slave work and agriculture, typically the production of cotton.
Who cotton gin revolutionized the southern economy?
Eli Whitney.
What cash crops built the Southern Colonies economy?
Cotton and tobacco.
The Southern Economy Rested On What?
the southern economy's counted on Cotton and Slaves . just Cotton and Slaves
Which crops were an important part of the economy in the Southern Colonies?
Crops that were an important part of the economy in the Southern Colonies were tabacco, rice, and indigo.
The invention that transformed the southern cotton economy was?
c. the cotton gin Slavery was an invention too. It also transformed the southern cotton industry
What natural resources was the southern economy base on?
Cotton
What crop dominated southern economy and culture?
Cotton
What products did the southern colonies produce in their economy?
the southern had
What was the southern colonies economy?
The Southern Colonies' economy relied heavily on slave work and agriculture, typically the production of cotton.
Was the major economy of the southern colonies?
The South was a cash crop economy of cotton and tobacco.
Who cotton gin revolutionized the southern economy?
Eli Whitney.
What resource was important to the southern slave economy in the 1800s?
cotton
What natural resources was the southern economy based?
timber,tobacco and cotton
What cash crops built the Southern Colonies economy?
Cotton and tobacco.
