HISTORY
THE INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It prevented the development of industry in the Northeast.
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It turned the South into a major producer of the cotton used in northern mills.
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It restricted agricultural expansion in the western territories.
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It increased federal dependency on tariffs for revenue.
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Detailed explanation-1: -By 1840, the South grew 60 percent of the world’s cotton and provided some 70 percent of the cotton consumed by the British textile industry. Thus slavery paid for a substantial share of the capital, iron, and manufactured goods that laid the basis for American economic growth.
Detailed explanation-2: -Instead of paying workers to work the fields and add more expenses for the landowners, they would instead buy slaves and conscript them into working the land. Because of the idea of slavery, plantation owners were able to essentially own the land, tools, and labor force, which eliminated most costs of running a farm.
Detailed explanation-3: -The estimates based on this new approach suggest that the increase in output per enslaved worker was responsible for roughly a fifth of the growth in commodity output per capita for the United States as a whole between 1839 and 1859-between 18.7 percent and 24.3 percent.
Detailed explanation-4: -A plantation economy is an economy based on agricultural mass production, usually of a few commodity crops, grown on large farms worked by laborers or slaves. The properties are called plantations. Plantation economies rely on the export of cash crops as a source of income.