South was depending too much on cotton.And I think that they needed a new investment which would explain why they depended on the cotton.
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the northern economy was based on industry and the south was based on agriculture and so the north would buy raw cotton from the south and reprocess and sell it
The north depended on the south for cotton because they could not get it anywhere else
Cotton was depended on by all of the United States in the 1800s. Ever since the famous cotton gin was invented, cotton sales were high because many people needed clothing and such back then.
The economy of the south depended on cotton, which was the largest export of the United States. Tobacco was the #2 crop in most of the south.
The South had developed a more balanced economy after Reconstruction
an agriculture economy overly dependent on cotton and slave labor.
Blockade-running and a certain amount of highly illegal cross-border trading with the North. Otherwise, it was an improvised economy, based on some hasty building of factories, and all dependent on the dwindling Confederate dollar.
Cottonocracy refers to the wealthy class of Southern cotton plantation owners who held significant political, economic, and social power in the antebellum South. This elite group amassed their wealth through the production and trade of cotton, which was the dominant crop in the region. The cottonocracy played a key role in shaping the economy and culture of the South prior to the Civil War.