Civil War Economy Vs American Economy

The main differences in the societies of the northern and southern United States were their economies. The north had an industrial based economy while the south had more of an agriculture based economy. Although the north had some farming, there was not as much farming as there were in the south. The north’s economy relied on industries, such as textile mills, that manufactures goods and traded both nationally and internationally. The south however relied solely on farming. The south relied on slaves to help on the large plantations. Southerners often specialized in certain crops, such as tobacco or cotton. These differences in economies were very influential in the separation of the United States and lead to the Civil War.

Although the American Civil War mainly occurred because of slavery, the fact is that slavery had a lot to do with economic and social issues.

The author also explores the profitability of slavery as an institution, as while the tendency of slave owners to keep their capital invested in slaves rather than industry resulted in a lack of economic diversification in the South, it also resulted in great profits during times of high demand for agricultural products. Phillips states that more research is required in this area.

Economic conflict became a major cause of the Civil War because the South objected to unfair tariff levels. With tariffs in place that caused taxes on goods brought into the country, the South started to feel as though this was very unfair to them since they didn’t have as many industries as the North and were more dependent goods imported from Europe. As the taxes went up, so did the price of the items and resulting in every day, normal priced items becoming overpriced for people who couldn't afford the higher prices. This anger among the people of the south caused by this inflation was the source of economic conflict. John Calhoun of South Carolina claimed that he was going to end this practice,

After the civil war, especially during the late 1800s, the US industrial economy has been thriving and booming which reflected on the numerous improvements that occurred in transportation through new railroad, in new markets for new invented goods and in the increased farm yield. However, most of this wealth has been captured by the capitalists, they looked down on the working poor class and expected them to submit to them. Also, they had control over the government seeking to maintain a system of monopoly to allow them to grow richer from others. Thus, they were controlling both political and economic conditions of the country.

For example, farming was the main source of income for the Confederate states. The main southern chief crop which came to be known as King Cotton, accounted for 57% of all U.S. exports (“Civil War”). However, in order to produce these large amounts of cotton, the southern Confederate states depended heavily on slave labor. Since cotton production began to dominate and fuel the southern economy, the South felt that they did not need to industrialize like their northern neighbors did. This caused the South to manufacture very little goods and caused them to purchase manufactured goods from the industrialized North or to purchase imported goods from overseas.

Between the time period of 1840 and 1860, slavery played an influential and pivotal role in the development of a new southern lifestyle. In the struggle for dominance in America, slavery was the South’s stronghold and the underlying cause in much of their motives for many of the economic instigations along with the affirmative political actions. By dominating the everyday southerner’s life, slavery also dominated the economic and political aspects of life during the height of the slavery period. By the 1840’s the Southern economy had become almost entirely slave and and agriculturally dependent. Without the dependence of slaves in the south, a person was to remain landless, poverty stricken or struggling to sustain life through the means

The civil war had a large sum of effects on the American economy during and after the war proper. Firstly, the war stimulated the development of several instrumental inventions, and caused need for widespread use of many creations currently around. These innovations included many weapons, as well as new medical techniques and railroads. Secondly, the civil war took slaves away from the south, which were an integral part of the southern agricultural business. Lastly, the Civil War cost a large amount of money, which put America at a monetary deficit, further stimulating the economy.

Between 1800 and 1865, slaves lived in the Southern States and worked in the tobacco, wheat, rice, corn and cotton plantations. Essentially, slavery was an economic institution with far-reaching benefits to slaveholders, since the value of slave labor was considerably more than the cost of their maintenance. Demands for democratization, respect for human dignity and American Civil War presented a major turning point in the institution of slavery as farmers turned to lesser labor-intensive production methods such as the use of Eli Whitney 's Cotton Gin. This paper analyzes different ways in which institution of Slavery affected the development of American South between 1800 & 1865, and the lives of people living in the region. In doing so the paper considers economic, political, social and cultural implications of the institution.

Slavery was a disgraceful part of our history for many years. Its start grew from a need for a labor source in the new and growing America. The Southern economy thrived from slave labor whereas the North did not rely on the labor of slaves. This paper will prove that slavery failed in the North because in the North there was no need for large labor to support the economic structure compared to the South where slavery was needed to support their economy. There are three main points that will be used to support this. They are; Northern industry and Southern industry were very different, the slave population was smaller in the North because of the different economy in the North, and the smaller slave population and less

Slavery was merely one of the causes of the Civil War. Some historians argue that the political difference between the North and the South is a more influential cause of the Civil War while some insist that economic is the main cause. In fact, the political division between the North and the South was affected by the differences in the economic system of both. The North and the South had had different economic backgrounds that were established since the American colonial period. These economic differences from the colonial period brought about the political division that was based on preserving each other’s own wealth or property and eventually caused the Civil War.

One of the biggest reasons the south seceded from the Union was because they believed that the north would interfere with their property rights. They thought that the north would reduce their wealth from taking land from them, as well as taking their slaves. The south believed that they would receive help from England and France, due to the need for cotton. As the Civil War began, you can clearly see the strengths and weaknesses of each economy. The North’s industrialized economy had grown incredibly to fight the south, while the South’s economy began to dip due to lack of industry and leaning so heavily on slave labor and agriculture.

Before the Civil War began, the United States had two distinct economies. Although farming was a staple throughout the United States, from an economic standpoint the Northern and Southern farmers were fundamentally diverse from each other. Unfree labor and staple crops were an essential part of Southern life. While their counterparts to the North comprised of an economy that contained finance, a wide range of industries, and commerce; wage earners and small business owners. The Civil War drastically changed this way of life for both the North and South. The South after the war was left in decimated, while the Northern economy boomed. Southern farmers between 1859-1860 were harvesting a record number of cotton crops. Cotton was America’s most

Throughout the history of our United States, many factors have contributed to the ultimate growth and development of the magnitude of our present-day economy. None, however, could be the compared to the size of the impact attributed to the institution of slavery in the Antebellum South during the 1800’s. And although slavery is considered today to be “the most inhumane institution,” there is no denying the fact that its existence substantially benefitted the prosperity of the American economy during the time of its practice. The account of one man during this time, a slave, shows us another glimpse into the period which was so heavily influenced by slavery and another point of view from which we can interpret and hope to use in order to understand

The stability that slavery created in the American South between 1820 and 1860 was phenomenal. Economic stability was like no other country had ever seen, this economic stability created a global marketing network throughout many different nations, trade routes that still exist within modern America today. Slavery became the bedrock of American South livelihood; it became so valuable that it was almost seen as unimaginable to live without slavery. “It was inconceivable that European colonists could have settled and developed America without slave labour taking place,” this was according to……. The reason the south prospered and grew like it did was due to slavery. The value that slaves had to their slave owners was unquestionable. Slave owners were able to receive loans, whilst using their slaves as guarantors; these loans would then have been used in the purchasing of further land, more livestock and more slaves. It was also said that slave owners used their slaves to pay of any outstanding debt they may have had. It is clear to see the economic value that slaves possessed; they were included in the valuation of estates, for example; (Example), and this in turn became a source of tax revenue for the National as well as the local Governments, it was also