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Briefly explain one important difference between the economic systems of the north and the west in the period 1800-1850.

Sagot :

The difference between the northern and western economic systems in the period 1800-1850 is that the economic system of the north relied on manufacturing products while the west heavily relied on trade both in goods and services.

In the 1800s, the North was more inclined toward the industrial revolution. As a result, they embraced the manufacture of new products from readily available raw materials such as cotton produced in the south.

Their western counterparts were however more inclined toward trade and their economic system heavily relied on exchanging raw materials and offering services to their neighboring communities in exchange for manufactured goods. They mostly exchanged:

  • crops
  • animals
  • minerals

This led to the growth of the urban centers and also played a major role in the industrial revolution at the time.

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