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Flashcards in Economic Differences Extras Deck (7)
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1
Q

Urbanisation (6)

A

Chicago 40 in 1830, 109,000 in 1860
800,000 in NY in 1860
20 Confed towns with more than 5,000 in 1860
New Orleans had 175,000, Charleston and Richmond both less than 40,000
N % of pop in cities 10% in 1820, 14% in 1840, 26% in 1850
S% of pop in cities 5% in 1820, 6% in 1840, 10% in 1850

2
Q

Growth and success of South (2)

A

Cotton 50% of total exports

1840-60 higher per capita growth in South than North

3
Q

Slave Ownership and Usage (9)

A

$3 billion worth of capital
1/3 to 1/3 of white families
1 million in 180£, 4 million in 1860 with only 6 million whites
50% of owners owned 5 or less
50% of slaves on plantations of more than 20%
55% used in cotton, 10% in tobacco, 10% in other agriculture, 10% in industry and 15% as servants
35% more efficient
$2,000 for skilled slave in 1850
Prices doubled in 1850s

4
Q

Cotton production (3)

A

9000 bails a year in 1790
Eli Whitney’s Cotton ‘Gin in 1793
2 million bales a year in 1830s

5
Q

Education levels (3)

A

1/3 of children in South for 3 months a year
3/4 of children in North for 6 or more months a year
50% illiteracy in South, 6% in North

6
Q

Occupational differences (as a % of the population) (3)

A

South had doubled in army
North had double in literature, art and medicine
North had 6x inventors

7
Q

Industrialisation (5)

A

700 steamships in Mississippi in 1850
4 Northern factories employed over 50,000
Tredegar Iron works in Richmond was 4th largest in 1860
68% of N and 82% of South in agriculture in 1800
40% of N and 81% of S in 1860