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Between 1820 and 1860 There Were Few Fundamental Differences Between the Economies of the North and South. How Far Do You Agree with This View? Essay

  • Submitted by: isseygiltrow
  • on February 27, 2014
  • Category: History
  • Length: 537 words

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Below is an essay on "Between 1820 and 1860 There Were Few Fundamental Differences Between the Economies of the North and South. How Far Do You Agree with This View?" from Anti Essays, your source for research papers, essays, and term paper examples.

Between 1820 and 1860 there were few fundamental differences between the economies of the North and South. How far do you agree with this view?

Clear differences were shown between the years of 1820 and 1860, however, there were few fundamental differences, the differences were significant. These differences include the growth of manufacturing in the North and the profitability of the slave trade in the Southern countries of America. However, on the contrary there were also fundamental similarities between the two sides, seen through the economy. Consequently there were expansions in the economy in both regions but there were few fundamental differences.

The two main ways of achieving a profitable income in America were no shared by neither the North or the South. In the South, slavery and the use of slaves were a large part of their economy, in 1812, Louisiana had the biggest slave market, owning 47% of the slave population. Southerners grew tobacco, sugar and particularly cotton. Having the South upholding the name of being the Cotton Kings, which produced 10% of the USA’s manufactured goods in the 1850s. in comparison to the North who were industrialising rapidly, generating a much larger output, twice as much. With this the North were growing through the process of being industrialised with growth of transportation in railways such as the development of steamboats which revolutionised travel on the great divers, Mississippi and its tributaries. Cities were growing around the advanced factories, this meant that slavery would not fit this type of economy, which is a clear difference as the South’s economy was based around slavery.

Through out the mid to late 1800’s the disagreement between the approvement of tariffs on goods displayed how different the economy’s were with the demand of different policies. The North wanted to put taxes on imported products as it would make the products more expensive, this meant that down the line the South could only...

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"Between 1820 and 1860 There Were Few Fundamental Differences Between the Economies of the North and South. How Far Do You Agree with This View?". Anti Essays. 15 Dec. 2018

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APA Citation

Between 1820 and 1860 There Were Few Fundamental Differences Between the Economies of the North and South. How Far Do You Agree with This View?. Anti Essays. Retrieved December 15, 2018, from the World Wide Web: http://parimatchstavki7.com/free-essays/Between-1820-And-1860-There-Were-587120.html