The statistics show the reasons that the South lost were confounded in the handicap that was their economic contribution to the war, coupled with their limited manpower and lack of political skills (Commager and Donald, 1996). The North had the type of economy that thrived from wartime production unlike the South whom suffered due to embargo on the cotton textiles that Washington had imposed on them during the war. As the cash vanished from the cotton production so did the economy of the South which made the civilians suffer and the morale of the Confederate soldiers in turn diminished as well (Commager and Donald, 1996). Even with this disadvantage the South …show more content…
and Hogue, J. (2010). Ordeal by fire. Boston: McGraw-Hill Higher Education.
4. Evaluate the impact of the Civil War on the economy of the United States, and especially on the pace of industrialization. Did the Civil War retard or hasten the industrialization of the United States? Explain.
The Civil War impacted the economy of the United States differently in the North and South. The South was banking on the North to run out of agricultural supplies once the North placed an embargo on them. This was not the case though, the North prospered while the South sunk into a depression. Overall, the outcome of the war would send the country as a whole into a depression and the country would have to reconstruct but for the time being during the civil advancements were made that created a thriving economy in the North. This could be seen in an increase in wheat production, corn, pork and beef (McPherson and Hogue, 2010). Transportation would see it’s fair share of increases due to military traffics up and down the rivers; new bridges were built to support the war effort as well (McPherson and Hogue,