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The main prewar agricultural products of the Confederate States were cotton, tobacco, and sugarcane, with hogs, cattle, grain and vegetable plots. Pre-war agricultural production estimated for the Southern states is as follows (Union states in parentheses for comparison): 1.7 million horses (3.4 million), 800,000 mules (100,000), 2.7 million dairy cows (5 million), 5 million sheep (14 million ...
The industrialization and modernization of the South continued to pick up speed with the ending of racial segregation policies in the 1960s. Today, the economy of the South is a diverse mixture of agriculture, light and heavy industry, tourism, and high technology companies, that help serve both the national economy and global economy. [212]
The economy grew every year from 1812 to 1815 despite a large loss of business by East Coast shipping interests. Wartime inflation averaged 4.8% a year. [105] The national economy grew 1812–1815 at the rate of 3.7% a year, after accounting for inflation. Per capita GDP grew at 2.2% a year, after accounting for inflation. [104]
While the South still attracted immigrants from Europe, the North attracted far more during the early-to-mid 1800s, such that by the time of the American Civil War, the population of the North far exceeded the non-enslaved population of the South per the 1860 United States census.
New South, New South Democracy or New South Creed is a slogan in the history of the American South first used after the American Civil War.Reformers used it to call for a modernization of society and attitudes, to integrate more fully with the United States as a whole, reject the economy and traditions of the Old South, and the slavery-based plantation system of the prewar period.
The resulting "Oil Boom" permanently transformed the economy of the West South Central states and produced the richest economic expansion after the Civil War. [ 99 ] [ 100 ] In the early 20th century, invasion of the boll weevil devastated cotton crops in the South, producing an additional catalyst to African Americans' decisions to leave the ...
The economy has shifted, first from agriculture to industry in cities and more recently to a service economy with a large suburban base. Farming was the primary occupation of 72% of the national labor force in 1820, 60% in 1860, 37% in 1900, and 26% in 1920.
Starting in the early 1600s and lasting to the mid-1800s, slavery played an outsized role in shaping the culture, politics, and economy of the South. This included its agricultural practices, the outbreak of the American Civil War, and the imposition of racial segregation.