What economic effect did southern slavery have on the North?
Economic Effects of Slavery:
From the perspective of a modern day economist, slavery was an inefficient system. The workers had no motive for increased production or the speed of the production, except the fear of the whip. Despite what we know today, the institution of slavery was long practiced in our nation during the colonial period until the end of the Civil War.
Answer and Explanation:
Slavery, as predominantly practiced in the South during the mid 1800's, aided in the growth of the North's industrialization and wealth. Cotton grown...
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fromChapter 2 / Lesson 9
Slavery was an institution that drastically impacted the economy of the United States. This lesson explores the early growth of slavery and how it helped shape both the Southern and national economy.