What effects did the civil war have on the economies of the north and of the south?

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History

Chiquita

6 February, 17:29

What effects did the civil war have on the economies of the north and of the south?

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Iliana Conley · Answer 1

New industries such as steel, petroleum, food processing, and manufacturing grew rapidly. The economy was ravaged. Farms and plantations were destroyed about 40% of the South's of livestock. 50% of all the South's amount of machinery was destroyed. Factories were demolished and thousands of miles of railways were torn up. The South also lost their greatest asset: slavery.