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question 4 of 20
what was wealth based on in the southern states?
a. the railroad industry
b. land and slaves
c. textile manufacturing
d. the stock a person owned
In the Southern states before the Civil War, the economy was agrarian - based. Large plantations (which required land) and the use of enslaved people to work on these plantations were central to generating wealth. The railroad industry was more important in the North's industrial growth, textile manufacturing was also more Northern - focused in terms of being a major wealth - generating industry for that region, and stock ownership was not the basis of Southern wealth as it was an agrarian society, not a heavily industrialized or corporate - stock - based economy like parts of the North. So the wealth in the Southern states was based on land and slaves.
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B. Land and slaves