In what did the South have a comparative advantage? Before the Civil War, the South traded with

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In what did the South have a comparative advantage?

Before the Civil War, the South traded with the North and with England. The South sold cotton and bought manufactured goods and food. During the war, one of President Lincoln’s first actions was to blockade the ports and prevent this trade. The South increased its production of munitions and food.

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Microeconomics

ISBN: 9780131394254

10th Edition

Authors: Michael Parkin

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