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How america became so rich because before 1776, English settlements in the New World were economic vehicles for London. The main input were African slaves, who cultivated tobacco and sugar first, then cotton, for slaveowners to sell to merchants in Bristol and Liverpool.
In the South, life turned around slavery. Slave labor was enormously profitable for slaveowners, driving down overhead costs and enabling them to compete with Europe’s more mature industrial economies. An elite class of slaveholders had emerged by 1776, set apart from the poor whites and Black slaves that made up most of the population. Even today, the legacy of slavery in the South is unmistakable — in the wealth gap between whites and Blacks, the relative lack of megacities, and the lingering nostalgia for the Confederacy among many whites, to name a few examples of many.
Cotton plantations require a good deal of land, so merchants in pursuit of new riches spread out toward the Mississippi River. As slavery grew in scale, so too did cotton production. In search of new markets for its rising exports, the U.S. forced open trade with China and Japan in the 1850s, marking the beginning of a global orientation to U.S. economic policy.

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