an agriculture economy overly dependent on cotton and slave labor.
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deteriorated
The South's economy was left devastated by the Civil War. Farming was less profitable. Infrastructure such as railroads needed to be repaired. At least a fourth of working-age white men were killed during the war, which cast many families into poverty.
There was a low-wage economy in the South, exploited by Carpetbaggers.
There really wasn't any after the Civil War if I remember correctly. That's because their economy was destroyed, and it was mainly agriculture.
The North's greatest strength or resource during the Civil War was its industry.