answersLogoWhite

0

The presence of capital in the North significantly accelerated industrialization by providing the necessary financial resources for investment in factories, machinery, and infrastructure. Wealthy entrepreneurs and investors were able to fund innovations and technological advancements, leading to increased production efficiency. Additionally, access to capital facilitated the expansion of transportation networks, such as railroads, which further enhanced the movement of goods and raw materials, ultimately transforming the Northern economy into an industrial powerhouse.

User Avatar

AnswerBot

4d ago

What else can I help you with?