The thriving economy of the South in the 19th century depended heavily on agriculture, particularly the cultivation of cash crops like cotton, tobacco, and sugar. This agricultural system was largely sustained by the institution of slavery, which provided the labor needed for large plantations. Additionally, the region's economy was supported by a network of trade and transportation that facilitated the distribution of these goods both domestically and internationally. As a result, the South became economically prosperous, but also deeply intertwined with the social and moral issues surrounding slavery.
It suggested that a new approach to the economy was developing in the South.
yes, South Africa is a Pure market economy
Durban is a thriving/ prosperous city in South Africa
what is it
Exchange rates depreciation affect the south African economy because it leads to changes in inflation in the country' economy .
The Economy of the South depended on slavery.
Georgia
The economy was thriving.
Yes, that was how they made all their money.
The South's plantation economy put it at a disadvantage because it had to rely on imports for numerous manufactured goods. The North, in contrast, had a thriving manufacturing base.
The South's plantation economy put it at a disadvantage because it had to rely on imports for numerous manufactured goods. The North, in contrast, had a thriving manufacturing base.
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Farming was once famous for it's thriving economy.
Washington State has a thriving economy with Microsoft and Starbucks.
manufacturing for export.
Being a state that was basically run off agriculture and farming, the south were very dependant on its labour, for if there was no labour there would be no money and if there was no money there was no economy. Slavery played a massive role (well realistically the only role) in the southern economy.
More people were working and the economy was thriving