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Why did the south have trouble raising money for the war effort?
Wiki User
∙ 9y ago
In the beginning of the war, the majority of finance for the Southern government came via duties on international trade. However, revenue from the tariffs all but disappeared after the Union imposed its blockade of Southern coasts.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoThe South was primarily an agrarian economy. This prevented the marshalling of large amounts of money because of the time to market issues.
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