Which factors contributed to industrialization in the 19th century

Answer: When the United States was still a colony, there was a large influx of British immigrants settling into the coastal strip known as New England. These immigrants worked in a diversified agriculture, with family work predominating.

The economy of the northern colonies was different from those of the south. In the northern colonies there was a settlement structure. While in the south, exploitation predominated.

The southern economy was based on plantations, that is, mono culture properties on which cotton was mainly grown, based on the work of black slaves brought from Africa. Most of the production was for export to the United Kingdom. Capitals were concentrated in the hands of farmers, so the domestic market grew slowly.

In the northern colonies predominated wage labor in the cities and free family in the countryside. This has provided conditions for the expansion of manufactures, commercial houses and banks. Business grew rapidly, and capital was concentrated in the industrial and commercial bourgeoisie. The Northern bourgeoisie had its own interests until independence in 1776.