During the first half of the 19th century, economic differences between the regions also increased. By 1860 cotton was the chief crop of the South, and it represented 57 percent of all U.S. exports. The profitability of cotton, known as King Cotton, completed the South’s dependence on the plantation system and its essential component, slavery.
The North was by then firmly established as an industrial society. Labor was needed, but not slave labor. Immigration was encouraged. Immigrants from Europe worked in factories, built the railroads of the North, and settled the West. Very few settled in the South.
The South, resisting industrialization, manufactured little. Almost all manufactured goods had to be imported. Southerners therefore opposed high tariffs, or taxes that were placed on imported goods and increased the price of manufactured articles. The manufacturing economy of the North, on the other hand, demanded high tariffs to protect its own products from cheap foreign......

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Title: Economics Of War
Approximate Word Count: 312
Approximate Pages: 2 (250 words per double-spaced page)

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