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This overview examines the economic frameworks of the North, South, and West regions of early America. The North thrived through trade and manufacturing, bolstered by tariffs that helped it compete against British goods. In contrast, the South relied heavily on agriculture, producing cash crops like tobacco and cotton for international markets. High tariffs strained relations with European partners. Meanwhile, the emerging Western economy emphasized cheap land and support for infrastructure improvements. This dynamic interplay of economic interests foreshadowed deeper regional controversies, especially regarding slavery.
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Three Regions Emerge North South West
North Economy based on trade & manufacturing Supported tariffs Helped them compete with British Opposed sale of public land by government at cheap prices Cheap land encouraged factories to move west Potential laborers would move west
South Based on Farming-Agriculture Raised all types of crops Cash crops tobacco and cotton Sold large portions of crops to foreign nations Imported manufactured goods Tariffs made imported goods more expensive High tariffs angered the South’s European trading partners Partners may raise tariffs on their goods Wanted lower tariffs
South Continued Relied on African Americans to work the plantations Issue of slavery will become increasingly controversial between the north and the south
West Frontier economy just starting to emerge Support for internal improvements-roads & water transportation Supported the sale of public lands Grew wide variety of crops Biggest priority was to get cheap land