2.27.08

2.27.08 - invented to do the job- which helps to further...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
2.27.2008- Econ 330 Slavery and Southern Economic Development -Compared to Southern Agriculture…Northern Agriculture: family farm agriculture, free labor economy, fairly small for the most part -Southern Agriculture: Wealthy plantation scale, large using slave labor. Not all farms in the South were plantations; some were family owned as well. Yeoman: much poorer than the plantations. Cotton economy was very strong from the Early National Period to the Civil War. Tobacco production and profits slowly fall due to the production costs, it’s popularity is replaced by cotton. -Different types of Cotton: Seas Island, Short-staple green (green cotton that grows well inland- one thing you had to do was remove the seeds from the cotton, until a mechanical device was
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: invented to do the job- which helps to further the launch of the cotton industry)-Cotton industry is pulled Westward eventually states like AZ & CA start to grow cotton.-The South relies heavily on river transportation. -Yeoman farmers: focus more on food production and less on products that required less transportation, as transportation was expensive. Because much of the Yeoman’s profit was used to support the family, it was important they maximize profit; making their own clothing- domestic manufacture. *See “Georgia: Yeoman farms vs. Plantations*-Total factor productivity: output/ inputs (labor, capital, land) *Plantation Efficiency Hypothesis*...
View Full Document

This note was uploaded on 03/19/2008 for the course ECON 330 taught by Professor Geraghty during the Spring '08 term at UNC.

Ask a homework question - tutors are online