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Railroads helped the economy because when people took the railroads to work, across to another state, or anything like that it was equivalent to carpooling.
4. power of banks and railroads over the farm economy. -Banks held mortgages on the farms and the railroads manipulated transport rates.
Telegraph, railways, steamboats, phonograph recordings, ...
There were many plantations and mine, but few factories. This created an unbalanced economy. There was a small middle class, and not a lot of goods for local consumers.
5Which of these innovations led to increased production in American factories in the early 1800s?
They shipped materials to northern markets.They shipped materials to the northern factories
Railroads
They shipped materials to northern markets
Steam power and railroads changed the northern economy because steam was powerful and it was cheap to run.
Industrialization is a characteristic that describes the North's economy. Factories and railroads helped to build the economy in North America.
The steam power changed the northern economy by introduction of the railroads which made the inlands feasible for settlement.
Railroads facilitated creating a society that was more integrated. They also helped to expand settlement, and grow the U.S. economy.
The Northern economy had factories and manufacturing jobs, while the South was primarily agricultural (farms and plantations).
An oil shortage
The Northern states economics depended mainly on factories and free labor, unlike the Northern sates the south depended on slave labor and agriculture!
They south was fighting to gain independence. The north was fighting to preserve the union. Slavery was a big issue during the civil war. The southern economy relied on slavery, without it the southern economy would have collapsed. The northern economy was threatened by slavery. After the south began using slaves in factories, the north became increasingly hostile to the south and slavery because southern factories used slave labor which allowed them to produce cheaper goods. The use of slaves in factories threatened northern economy. Many historians believe that this economic threat lead to the civil war.
The factories and the farms were kept busy, producing all the weapons, ammunition, equestrian equipment and rations needed by the Union armies.