Wednesday, December 19, 2007

Economic Impact of War

"Wave the stars and stripes high o'er us”- The reunion of the north and south, meshing the politics, social issues, and economy together,

“Let every freeman sing”- Major steps have been taken to abolish slavery and to gain the equality of all. The loss of slavery crippled the south’s economy.

“Old King Cotton's dead and buried”- Previously cotton had seemed to rule all but now slavery has been abolished and consequently the cotton industry was greatly decremented. In addition, the fact that the south could not seduce Britain to its aid with cotton shows how its power has been stripped and the past ruler of industry, cotton, has released its grip, and has faded away.

Brave young Corn is King- Corn proved to be more potent potentates the cotton. The north has ideal weather to produce bountiful amounts of corn . Britain at the same point suffered a series of bad harvests and had to import vast amounts from the North.

In general the south economy completely collapsed in on itself and affected all aspects of their region, driving them to very desperate measures to compensate, barley making it through.

While the North took over and their economy boomed with their new cash crop and novel banking system.

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