How Did Reconstruction Affect Small Farmers? During Reconstruction, many small white farmers, thrown into poverty by the war, entered into cotton production, a major change from prewar days when they concentrated on growing food for their own families. Out of the conflicts on the plantations, new systems of labor slowly emerged to take the place
What Is The Economic Importance Of Slavery? Slavery was so profitable, it sprouted more millionaires per capita in the Mississippi River valley than anywhere in the nation. With cash crops of tobacco, cotton and sugar cane, America’s southern states became the economic engine of the burgeoning nation. Their fuel of choice? What is the importance
How Did The End Of Slavery Change The Economy? Between 1850 and 1880 the market value of slaves falls by just over 100% of GDP. … Former slaves would now be classified as “labor,” and hence the labor stock would rise dramatically, even on a per capita basis. Either way, abolishing slavery made America a