USA HISTORY

Detailed explanation-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.

Detailed explanation-2: -In the past, the South’s agricultural economy mainly survived thanks to the plantation system. Plantations were large farms that typically produced one staple crop. These crops could be rice, tobacco, cotton, sugar, or some other crop that was valuable to foreign buyers, as the South had an international economy.

Detailed explanation-3: -The plantation system created a society sharply divided along class lines. The wealthy aristocrats who owned plantations established their own rules and practices. For this reason, the contrast between the rich and the poor was greater in the South than it was in the North.

Detailed explanation-4: -Plantation economies rely on the export of cash crops as a source of income. Prominent crops included cotton, rubber, sugar cane, tobacco, figs, rice, kapok, sisal, and species in the genus Indigofera, used to produce indigo dye.