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South was depending too much on cotton.And I think that they needed a new investment which would explain why they depended on the cotton.
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Most important southern crop in the 1840s and 1850s?
The economy of the south depended on cotton, which was the largest export of the United States. Tobacco was the #2 crop in most of the south.
How did the southern economy change after Reconstruction?
The South had developed a more balanced economy after Reconstruction
Which best describes the economy of the South in the years leading up to the Civil War?
an agriculture economy overly dependent on cotton and slave labor.
What was the southern economy based on AFTER the Civil War?
Blockade-running and a certain amount of highly illegal cross-border trading with the North. Otherwise, it was an improvised economy, based on some hasty building of factories, and all dependent on the dwindling Confederate dollar.
What is cottonocracy?
Cottonocracy refers to the wealthy class of Southern cotton plantation owners who held significant political, economic, and social power in the antebellum South. This elite group amassed their wealth through the production and trade of cotton, which was the dominant crop in the region. The cottonocracy played a key role in shaping the economy and culture of the South prior to the Civil War.
