What differing economies did the North and the South America have?
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In essence, the basic economic difference between the South and the North was built on each region's reliance on the “slave labor” and “free market” economic structures respectively. Essentially, the most basic difference between the Northern and Southern economy was in labor and production.
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In the North, the economy was based on industry. They built factories and manufactured products to sell to other countries and to the southern states. They did not do a lot of farming because the soil was rocky and the colder climate made for a shorter growing season. ... In the South, the economy was based on agriculture.
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