Economics and the Civil War by Marc Schulman Show Introduction
Economic Factors in Secession Economics and the Union Victory Conclusion How did the Southern economy change after the Civil War?After the Civil War, sharecropping and tenant farming took the place of slavery and the plantation system in the South. Sharecropping and tenant farming were systems in which white landlords (often former plantation slaveowners) entered into contracts with impoverished farm laborers to work their lands.
What happened to the Southern economy after the war?The aftermath of the war left portions of the Confederacy in ruins, and with little or no money to rebuild. State governments were mired in debt, and white planters, who had most of their capital tied up in slaves, lost most of their wealth.
How did the Civil War change the economy?Economic Impacts of the Civil War
Due to the war, the whole of the South's economic structure was literally destroyed. The land in Virginia, Tennessee, Mississippi, Georgia, and South Carolina was devastated, causing the South to lag even further in the agricultural sector which had made it great.
How did the Southern economy change after the Civil War quizlet?After the Civil War the Southern Economy was destroyed. The shipping industry was destroyed as well as 9,000 miles of railroad. Plantation owners lost 3 billion dollars from letting slaves go. Many went into debt due to the resources spent on the war and the money that was needed to pay back for these resources.
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