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How Economy was impacted during the Civil War? (NORTH (During War (had…
How Economy was impacted during the Civil War?
NORTH
During War
had enough food and enough factories to make weapons for all of its soldiers
extensive rail network that could transport men and weapons rapidly and cheaply
Huge population increase in the North between 1800 and 1860, mostly through immigration.
The economy of the North was based on manufacturing.
Civil War benefited the Northern economy
was a significantly more industrialized economy, so it benefited from the railroad boom and manufacturing wartime products
SOUTH
During war
No factories couldn't make guns or ammunition.
Didn't have interconnected reailroad tracks so they had trouble transporting food, weapons, and men quickly and over long distances
Focused of cash crops like tobacco and cotton so they didn't have enough food
Lost most most income because the north blockaded the souths ports
Lost its banking system which was in New York
The economy of the South was based on agriculture.
Cotton became the most important crop after Ely Whitney’s invention of the cotton gin.
left the Southern economy in absolutely terrible condition
with its agricultural economy, lost its ability to exploit slave labor for greater profits, and also most battles occurred in Southern territory, leaving huge spans of agricultural land destroyed