Why did the North have more capital than the South? The North made more money on its farm produce. The South did not produce any goods to sell in trade. The South had its capital tied up in land and slaves. The North spent less money on industrialization.

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History

Samuel Hardin

30 March, 03:02

Why did the North have more capital than the South? The North made more money on its farm produce. The South did not produce any goods to sell in trade. The South had its capital tied up in land and slaves. The North spent less money on industrialization.

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Sydney Mathews · Answer 1

The main reason why the North had more capital than the South was because " The South had its capital tied up in land and slaves" since this was not "liquid" capital.