How was the economy of the south affected by Civil War

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History

Nikolas Gilbert

7 July, 21:29

How was the economy of the south affected by Civil War

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Janiah Pope · Answer 1

There was great wealth in the South, but it was primarily tied up in the slave economy. In 1860, the economic value of slaves in the United States exceeded the invested value of all of the nation's railroads, factories, and banks combined. On the eve of the Civil War, cotton prices were at an all-time high.