Quote:
Originally Posted by Shotsie
I don't think that's completely true or else the South wouldn't have went broke halfway into the war. Well, the North cut off all their supply routes. The North had all the industrial centers, the South - like always - was clinging to an obsolete way of life. The way society was set up in the Antebellum South was close to medieval feudalism. You had a couple extremely wealthy plantation owners, everybody else was basically serfs. And then the slaves. The South needed the North and vice versa. What's funny about that quote is that all the major confederate generals, even the president of the confederacy, were educated in the north.
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Not necessarily, I believe there was a Nobel winning economist who proved that the south could have industrialized even with slavery. I forgot the details. Interesting study.