The West economy was based on the production of goods and services to support the military and commercial interests of Western countries.

How did the North profit from slavery?

The North profits from slavery by making money off of the labor of slaves. They can sell the slaves to other countries, or use them as forced labor in their own economy.

What was the economic development of the American West based on?

The economic development of the American West based on was the addition of new ranching and mining areas to the region.

What was the US economy originally based on?

The US economy was originally based on agriculture.

What was the influence of the West on American economy?

The influence of the West on American economy refers to the economic, social, and political changes that took place in the United States after the American Revolution. These changes included the arrival of new immigrants, the development of new industries, and the rise of the American middle class.

What is the basis in western economy?

The basis in western economy is the free market economy.

What was the US economy based on before the industrial revolution?

The US economy was based on agriculture and fishing.

What was Confederate money used for?

Confederate money was used for a variety of purposes, the most common of which was to purchase goods and services for the Confederate army.

Who is the father of capitalism?

Karl Marx

Which country is the most capitalist?

The United States is the most capitalist country.

How does the West Region make money?

The West Region makes money by extracting natural resources, selling goods and services, and by investing in businesses and infrastructure.

How did the West make money in the 1800’s?

The West made money in the 1800’s by selling goods and services to other countries. They also made money by investing in businesses and land.

How did westward expansion help the economy?

Westward expansion helped the economy by increasing trade and commerce, which in turn increased the demand for goods and services. This increased demand led to increased production, which in turn led to increased profits for businesses and individuals.

What was the northern economy based on?

The northern economy was based on the production of goods and services for export.

What was the North’s economy before the Civil War?

The North’s economy before the Civil War was based on agriculture and manufacturing.

What was the economy like in the 1800s?

The economy of the 1800s was very good. The country had a lot of money and a lot of businesses. People were very happy.

What caused the Civil War economically?

There are many factors that have contributed to the Civil War economically. Some of the more important ones include the increasing demand for goods and services from the Confederacy, the suspension of cotton exports to the Confederacy, and the high cost of living in the Union.

What was the economy of the North in the 1800s?

The economy of the North in the 1800s was very different from the economy of the South. The North was much more industrialized and had a much smaller agricultural sector. The North also had a much more rapid growth in the late 1800s and early 1900s than the South.

How did people make money in the West in the 1800s?

In the 1800s, many people made money by trading goods and services. Some people made money by farming, some people made money by trading, and some people made money by working in businesses.

What was the North economy based on quizlet?

The North economy was based on the production of goods and services to support the needs of the people of the North.

When did capitalism emerge?

Capitalism emerged in the late 18th century in the form of the British and Dutch empires.

What was the West economy based on in the 1800s?

The West economy was based on the export of goods and services to countries in the Eastern world.

What was it like living in the Old West?

It was a great time to be living in the Old West. There were lots of opportunities for adventure and the people were friendly.

What were the 5 reasons for westward expansion?

1. To find new trade routes2. To find new land to settle3. To find new resources4. To prevent the spread of disease5. To protect the borders of their homeland

What was the South economy based on?

The South economy was based on cotton and other agricultural products.

What is capitalism in economy?

Capitalism is a system in which businesses are owned by capitalists who make a profit. Businesses are divided into two types: private and public. The private businesses are run by capitalists themselves and the public businesses are run by government. The private businesses are more profitable than the public businesses and are more likely to be in the hands of a few capitalists. The government is in charge of the public businesses and is in charge of making sure that they are run in a way that benefits society as a whole.

How was the US economy in the 1950s and 1960s?

The US economy in the 1950s and 1960s was very strong. The country was able to maintain a high level of economic activity and maintain a stable currency. The country also had a very high level of social mobility.

How did technology shape the West?

Technology has shaped the West in many ways. For example, it has made it easier for people to communicate and share ideas. It has also made it easier for people to get work done.

What was the economy like in the 1910s?

The economy in the 1910s was very unstable. There was a lot of economic depression and war.

How was the West transformed economically and socially in this period?

The West transformed economically and socially in this period by moving from a rural to an urban society and by adopting new technologies.

What was the southern economy before the Civil War?

The southern economy before the Civil War was based on slave-based production.