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butalik [34]
3 years ago
5

What word would be used to describe the North’s economy?

History
1 answer:
blsea [12.9K]3 years ago
4 0

Answer:

The economy of the North was mostly determined by industrialism because of its wealth

Explanation:

The economy of the North was mixed, but industrialism was dominant because of its wealth. If a farmer or craftsman had products for sale, the populations of the factory towns and industrial cities comprised his market. If a farmer or craftsman borrowed money, he probably borrowed it from the banking industry.

The northern economy relied on manufacturing and the agricultural southern economy depended on the production of cotton.

To protect its industries from foreign competition, the North favored high tariffs, or taxes on goods coming in from other countries. The growth of trade, manufacturing and transportation brought many changes to cities in the North. Cities took on an increasingly important role in determining the culture of the North.

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