We continue our look back at America's economic history and some tips for getting going on those financial chores you've been avoiding.

From Marketplace in Washington, I'm Kimberly Adams.

This week, we're marking 250 years of the United States and looking back at some of the defining moments that shaped the American

economy. Today, we're picking up where we left off yesterday when the north and south started

down different paths, though, as it turns out, those two economies were deeply intertwined.

The Industrial Revolution in the northeast of the United States was also led by cotton textiles, supplied by

southern plantations. It's also true that there was southern demand for many northeastern

goods, so they do feed off of one another. At the same time, the developmental dynamic that

emerged from the slave economy, I think, had limits. That's Jonathan Levy, historian at Sciences Poe in Paris.

He says something shifted around 1830, and the two economies began to pull apart.

Eventually, we see a new dynamic emerge from the north, a much more entrepreneurial economy,

economy that has public education, of different kinds of human capital.

Really, only after 1830, that you start to see a divergence between the northern and southern

economies. But I'd add that economic divergence was really important in creating political

lines of conflict that ultimately led to the Civil War.

Jonathan Levy at Sciences Poe in Paris. The private payroll processor, ADP, is out with its

monthly check-on jobs. Private employers added 98,000 positions in June, falling short compared

to May's count of 122,000. Here to break it down for us is Susan Schmidt,

portfolio manager at Exchange Capital Resources. So, Susan, what's behind today's numbers?

We are seeing a slightly light number at ADP, but not concerning. Remember, government numbers

come out usually on Friday, this week on Thursday after the ADP report.

Hospitality does seem to be a little bit softer, but we had big hiring in hospitality in the past

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