Civil War Effects On The Economy

The North’s economy was based on textiles, shipping, and skilled trades. Their climate was not suited for the same type of agricultural products that the South produced like cotton, sugar, rice and tobacco. Northern states like New England manufactured and shipped goods like guns, clocks, plows and axes (page 399). One reason for the South’s dependence on slavery is because their economy relied on the existence of slave labor. For example, the cultivation of cotton depended largely on slave labor, with 75% of the crop grown on plantations,

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.

What were the short-term and long-term effects of the Civil War? The Civil War produced many short-term and long-term effects. For example, the struggle of Freedmen and Reconstruction shortly after the Civil War was addressed with many short term solutions like, the Freedmen’s Bureau, the 10% Plan. and the Wade-Davis Bill. There also times like, the battle over Reconstruction, where the pure tension and disagreements throws the U.S. into pure chaos with the assassination of Lincoln and not much gets done due to the back and forth arguments between Johnson and Republicans. Although, the end of Reconstruction presents a myriad of long term effects which will radically change America like, the KKK and Plessy V. Ferguson promoting racism and the election of Hayes in 1876. From 1863-1896, the United States was completely divided and was going through Reconstruction in an attempt to unite the North and South after the Civil War to prevent other countries from attacking America. After the Civil War, the struggle to rebuild the Nation, the battle over Reconstruction, and its inevitable end produced a plethora of long-term and short-term effects which would change America forever.

Since the Civil War brought extensive economic change to the United States, civilians in the North and South faced many economic challenges. "In the North the arms, metalworkings, boot making, and shipbuilding industries boomed, but the scarcity of cotton caused widespread layoffs and closures in the textile industry" (Keene, 391). Even though workers' salaries rose by forty percent, prices increased even faster, resulting in inflation that averaged fifteen percent. Despite the North's economic hardships, the problems the South faced were far worse. "The Southern economy was hit hard by the cessation of trade with the North and Europe due to the Union blockade" (Keene, 391). Southern industry and agriculture were limited by persistent

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.

The United States had a huge agricultural and industrial boom after the Civil war. A large reason for this was that from 1865 to the 1900’s the total population of the United States more than doubled. This large increase in the population meant that there were more people to aid in agriculture or to join the industry. A large portion of economic growth was concentrated in the Northeast, Midwest, and plains states, and many of them became urban areas full of technological advances. The South remained mostly agricultural like they had been before the civil war. Some states became technological leaders and New York State had nearly twice the industry in total. While the Northwest industrial system accounted for about 85% of the nation's manufacturing.

With the help of US government, the North, was able to fund the war effort with the nation's treasury, but the southern states economy was going under. Lack of industrialization in the region, the South could not support the war effort.

The slave states were Alabama, Arkansas, Delaware, Georgia, Florida, Kentucky, Louisiana, Maryland, North Carolina, South Carolina, Texas, Mississippi, and Tennessee. These states grew tobacco as their first crop prices were not always stable and cotton would soon be king. In the year 1793 an African American inventor named Eli Whitney created the cotton gin. This invention allowed textile mills in the north to use the type of cotton grown by the southern slave states thus creating a more profitable crop than tobacco. With the invention of the cotton gin and the economic boom that came with it. The south’s economy was now more than ever tied to the peculiar institution.

The Civil War is over and the South has no other choice but to transforms itself into a new south, even if it means it has to leave behind what it used to relied on- slavery and the King Cotton. As the new South developed, it was expected to bring a more productive agriculture, economic growth, a widespread education, a solid social environment and success. At first, there were huge demands on cotton, cotton mills, tobacco, cigarettes and natural resources such as coal production and lumber. I mean one would think that there was a great economic growth in the South but as the saying goes, “if it seems too good to be true then it probably is” because the entire economy crashed after being affected with a lengthy deflation based on crop prices

Among the many implications on the Civil War, the Northern Financial Class had an unsettling amount of positivity that sparked from this major calamity. Prior to the Civil War, America’s economy was in an experimental stage, the Constitution laid out a pattern for both commerce and money which was overseen by congress.

On September 21st, 1863 Union troops marched through Madison County, Virginia on their way to attack the Confederate troops who were stationed nearby. The battle that was to continue through the next two days was the bloodiest Madison County had ever seen. Before the Civil War Madison County’s economy was maintained mainly by small, family run farms. There were little to no exports due to the lack of transportation coming in and out of Madison. The closest farmers market to sell crops to was located in Fredericksburg, Virginia. The large amount of farms caused there to be many slaves in the county. The population of slaves was over 4,000 before the Civil War making up half of Madisons entire population. They

American economy is developing rapidly and transformed from agricultural country to industrial country fast after the Civil War. According to the reaserch, the gross industrial production of America ranks fourth in the world in 1860 while it ranks first in the world in 1894. This article discuss the reasons why America catch up with capitalist countries and become leading industrial country in the world after the Civil War in just a few decades.

Money, slavery and power were the main reasons for the outbreak of the American civil war many people was condemned to the new union that was about to be formed, accepted by the north but declined by the south . This great union was about to be led by the republican, Abraham Lincoln, and the devastating consequences was yet to come…

Cotton became King in the South in the 18th century. Being the largest exporter of this benevolent cash crop, it truly ameliorated the country’s economy and financial status. Cotton was indeed the South’s economic backbone (Dattel, Web). It supplied over 75% of the world’s cotton need and gave the country about $200 million a year in profit. Later on, the southern states who decided to secede from the Union to form the Confederate States of America in 1861, used cotton to provide revenue for its government, arms and

When people think of the Civil War, our minds tend to default to a movie that came out in 2016 and broke multiple box office records. As amazing as that is, there was a previous war that changed our lives even more than the blockbuster: the american Civil War. I think you’ll find that the american Civil War has had good and bad effects on our lives today, despite having happened around 150 years ago. The bad effects include our national debt skyrocketing due to loss of labor and property, as well as children having to work due to lack of workers. But there are good effects as well: slavery was made illegal, and slaves could learn to read and write. Finally, the field of medicine expanded, as well as opinions of women. This paper will demonstrate in detail just how each things has changed our lives today.