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The American Civil War, widely known in the United States as simply the Civil War and established a naval blockade that crippled the southern economy.
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CoachThe US Civil War was a costly war that extracted a impact on both sides. Compared to the North, however, the South was in terrible shape. There was a lack of manpower to utilize what farmlands remained, and for all practical purposes its economy lay in shambles. The Southern economy would not return to its days of 1860 until the 20th century.
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What happened to the economy of the southern states as a result of the civil war?
The economy was completely destroyed
What happened to the southern economy as the result of the civil war?
The American Civil War, widely known in the United States as simply the Civil War and established a naval blockade that crippled the southern economy.
What happened to the southern economy after the Civil War?
The South's economy was ruined. The war had taken place on Southern land, ruining all of the farmland. And since the South had put all of their eggs in the farming basket, they were doomed.
What kind of economy did the southern states have leading to the civil war?
The economy was based on the practice of slave-labour.
What happened to the economy in Greece?
The state has a debt on its obligations. As a result it had to cut its costs. They have done that by lowering incomes (e.g. for civil servants). Many people protested. Production levels lowered. Final result was that the Greek economy got mixed up. Trust is important in economics. Many corporations and banks didn't trust the Greek state anymore. This had a damaging effect on Greece's economy as well.
