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Essay on Economies of North and South During American Civil War

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The economies of the North and South were vastly different leading up to the Civil War. Money was equivalent to power in both regions. For the North, the economy was based on industry as they were more modern and self-aware. They realized that industrialization was progress and it could help rid the country of slave labor as it was wrong. The North’s population had a class system but citizens could move within the system, provided they made the money that would allow them to move up in class. The class system was not as rigid as it was in the South. By comparison, the South wanted to hold on to its economic policy. In doing so, the practice of slavery kept the social order firmly in place. The economic factors, social issues and a growing …show more content…

Cities grew and flourished and soon it was apparent that money was needed to support the exploding population. The North supported tariffs, unlike the South. Tariffs are taxes that are placed on imported goods by the government. The North supported any tariffs on imported goods for a few reasons insomuch they did not feel threatened. Industry was running rampant, so finished goods did not have to be brought over from England. There was no more need to import from England. If imports were brought in, they were more of a luxury than a necessity. All necessities were made on Northern soil by their own factories. Another reason that the North favored taxes was because they hoped that with higher import taxes, the South would then purchase goods from Northern factories instead of England. For instance, if the price of a finely woven, imported shirt plus the tariff caused the price to jump too high, Southerners would be forced to buy the shirt from a Northern factory. Railroads were being established mainly between all the major cities of the North. The network of these railroads meant that goods were able to travel faster. This considerably shortened the time from raw goods to finished products. The North’s transition to industry proved to be soundly lucrative. It evolved, expanded and laid a firm foundation for the future.

In short, the South was a polar opposite of the North. They were engrained with a greedy, stubborn and selfish

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