Transformation of the southern economy 1850

Ivory became the most important export from west-central Africa, satisfying the growing demand in Europe. The western port of Benguela was the main outlet, and the Ovimbundu and Chokwerenowned hunters, were the major suppliers. They penetrated deep into south-central Africa, decimating the elephant populations with their firearms. By they were in Luvale and Lozi country and were penetrating the southern Congo forests.

Transformation of the southern economy 1850

Sources The Cotton Boom.

Transformation of the southern economy 1850

While the pace of industrialization picked up in the North in the s, the agricultural economy of the slave South grew, if anything, more entrenched.

In the decade before the Civil War cotton prices rose more than 50 percent, to Booming cotton prices stimulated new western cultivation and actually checked modest initiatives in economic diversification of the previous decade.

Not surprisingly, given these figures, the southern economy remained overwhelmingly agricultural. Southern capitalists sank money into cotton rather than factories or land.

Transformation of the southern economy 1850

More precisely, they invested in slaves; the average slave owner held almost two-thirds of his wealth in slaves inmuch less than he held in land. Economic historians have concluded that returns on capital in antebellum Southern manufacturing were reasonable and sometimes lucrative, but they simply failed to attract investors in any numbers.

A comparison of the value of goods manufactured in each region is similarly lopsided: The South did participate in the boom in railroad construction of the s, more than quadrupling its total mileage.

Results Transformation of the southern economy 1850 less impressive and, more important, less transformative than they proved in the North and Midwest, however. By the railroad mileage per thousand square miles in the seven most populous Northern states had reached sixty-two; in the seven most populous southern states, the figure was twenty-two.

In other words, the southern rail network was less developed by a factor of nearly three. Moreover, Southern railroads tended to run fewer trains and make fewer stops than Northern ones.

In addition, most Southern lines were built to connect plantation districts to southern ports; that is, they did not open new territories or serve new industries, as railroads did in the North.

The dominance of the slave plantation in the southern economic landscape had mul-tifaceted consequences for Southern economic development, including key social and cultural ramifications.

As businesses, the plantations channeled economic functions that went well beyond cotton or sugar or tobacco cultivation. For example, larger plantation owners either procured or produced on site goods and services that, in the free-labor economy of the Northern states, were produced and exchanged as part of the wider economy.

Thus, few towns or villages emerged in the South. The ideology of slaveownership probably inhibited key industrial values, fostering a fiercely defensive agrarianism and a sharp distaste for Yankee commercialism, industry, and wage labor, particularly as proslavery advocacy grew more insistent in the late-antebellum period.

More tangibly, slavery cut off the potential immigration of free labor; while strong immigrant flows were feeding into the Northern economy in the s, the South remained a largely closed society.

Whether or not slaveowners can be called profit-minded entrepreneurs and capitalists a question still under debatethe world they made was distinctly preindustrial, even anti-industrial. The Southern economy was not undynamic or unproductive, though. Southern planters saw themselves, and accurately so, as a key component in the Industrial Revolution and a critical part of an international economic system.

By its power we are transmuting whatever we choose into whatever we want. Senate five years later, was even more trenchant: Cotton, rice, tobacco, and naval stores command the world No -power on earth dares.

The image of the large cotton plantation dominates popular impressions of the antebellum South and Southern economy, and to be sure it was the preeminent economic unit of the region, but it was hardly the norm. Nearly three-fourths of free families in the South did not own slaves.

The typical Southern white was a small farmer. Many of these families grew cotton, which unlike sugar or rice did not require heavy capital to cultivate.

The crop was basically nonperishable and survived relatively rough handling, so it tended to survive transportation to distant markets in better shape than other crops.

Small farmers often devoted at least part of their acreage to cotton, and small slaveowners could be found working alongside their slaves in the field throughout the region.Transformation of the Southern Economy to Essay Sample. Many economic differences between the North and South are contributing factors to the Civil War, but what are the effects of the Civil War on the economy in the South?

Transformation of the Southern Economy to Based on the movie “Gone with the Wind” Many economic differences between the North and South are contributing factors to the Civil War, but what are the effects of the Civil War on the economy in the South?

The Transformation of the Texas Economy Overview: Empresarios, Grangers, Railroaders, Wildcatters and Dot-commers Two centuries ago Texas was a sparsely populated and desolate backwater on the distant frontier of the waning Spanish empire, decades away from joining the emerging nation that grew out of the thirteen British colonies on the eastern shore of North America.

The "Great Compromiser," Henry Clay, introduces the Compromise of in the Senate. The plan was set forth. The giants — Calhoun, Webster, and Clay — had spoken. Still the Congress debated the contentious issues well into the summer.

Each time Clay's Compromise was set forth for a vote, it did.

The Compromise of []

Southern Africa experienced transformation in the 18th and 19th centuries. This was the period that became known as the ‘mfecane’. This topic includes research that helps us to better understand how and why transformation occurred at this time.

Although the South had a strong economy prior to the war, the fourth largest in the world if viewed as its own entity in , most of the region's wealth was intimately linked to slavery; in fact, most of the South's capital was utilized to secure slave labor. 24 Virtually overnight, southern wealth was transferred from the highly valuable and moveable assets of slave labor to the immoveable.

Japan - Economic transformation |