USA HISTORY

Detailed explanation-1: -With cash crops of tobacco, cotton and sugar cane, America’s southern states became the economic engine of the burgeoning nation. Their fuel of choice? Human slavery. If the Confederacy had been a separate nation, it would have ranked as the fourth richest in the world at the start of the Civil War.

Detailed explanation-2: -Investment income: From interest, dividends, and capital gains. Self-employment income: Payments you receive from selling products or services. Pensions and annuities: Payments from qualified retirement plans. Business income: Payments from owning a stake in a private company.

Detailed explanation-3: -Moreover, slave labor did produce the major consumer goods that were the basis of world trade during the eighteenth and early nineteenth centuries: coffee, cotton, rum, sugar, and tobacco. In the pre-Civil War United States, a stronger case can be made that slavery played a critical role in economic development.

Detailed explanation-4: -In general, the conditions of slavery in the northern colonies, where slaves were engaged more in nonagricultural pursuits (such as mining, maritime, and domestic work), were less severe and harsh than in the southern colonies, where most were used on plantations.