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legitster | 4 days ago
I think more importantly, steam mills solved for a problem the south did not have. If one was to tell a southerner, I have a technology that will save on labor costs, the southerner's response would have been "what are labor costs?"
helterskelter|4 days ago
I'd venture that the north's earlier industrialization built up experience and supporting infrastructure which made it a dubious business prospect for any southerner that might have considered building a factory, along with the fact that making textiles by manpower alone made less money than picking cotton and exporting it.
mr_toad|3 days ago
It seems to fit the pattern of a resource curse.