The affects of the Civil War were devastating to the Southern economy. Before the war, the South was the richest section of the country. Seventy five percent of American millionaires were Southerners and 24 of the 25 richest counties in the US were in the South. However, this was an economy built on the export of cotton harvested by an enslaved work force, and the Civil War destroyed all of this. First came the drastic drop in exports. Initially the South voluntarily held back cotton, attempting to pressure Europe into intervening on their behalf. As time went by plantations also suffered from a dwindling workforce. Slaves during this time were extremely rebellious (keeping in mind they were legally free). Wherever the Union army went, slaves asserted their freedom.
The affects of the Civil War were devastating to the Southern economy. Before the war, the South was the richest section of the country. Seventy five percent of American millionaires were Southerners and 24 of the 25 richest counties in the US were in the South. However, this was an economy built on the export of cotton harvested by an enslaved work force, and the Civil War destroyed all of this. First came the drastic drop in exports. Initially the South voluntarily held back cotton, attempting to pressure Europe into intervening on their behalf. As time went by plantations also suffered from a dwindling workforce. Slaves during this time were extremely rebellious (keeping in mind they were legally free). Wherever the Union army went, slaves asserted their freedom.