Mr. Great Scout
Who said on this board that "the South was poverty stricken" before the war? What was actually said?
This must be your interpetation of what you were taught in your education system.
You brought up a point that you effectively glossed over. The debt planters (plantation owners) had to Northern banks. Banks that held the loans on slaves and property for planters, slave owners, many of them NORTHERNERS, who moved to places like Natchez, Mississippi to get rich off of plantation corporations throughout the deep south.
The majority of Southerners were self supporting agrarians, and montary wealth was not important to them. Plantation owners yes, but not the overwhelming majority, small farmers who considered wealth to their ability NOT to need money to survive.
Go back and read.
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David Upton