Why did very few southerners invest in industry?

History

1 answer:

Alecsey [184]3 years ago

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Answer:

Cities grew more slowly in the South due to the lack of railroads and transportation. The North had many methods of transportation, while the South had fewer, and they were short, local, and did not connects all parts of the region in the network.

(1) Because agriculture was so profitable, Southerners remained committed to farming rather than starting a new business; (2) lack of capital. many had already invested in farms and slaves, and believed that an economy based on cotton and slavery would continue to prosper; (3) the market for manufacturing goods in the South was smaller than it was in the North. A large portion of the Southern population was slaves, who could not purchase items; (4) some Southerners did not want industry to flourish there

Explanation:

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