Following reconstruction, many leaders promoted “New South” in order to lessen the impact of North on South after civil war. From the very beginning it was known to everyone that this “New South” was not in reality and it was just a dream thought. There were many factors like racism, pitiable economic practices and the distributed political stance which slowed down South in attaining the equivalence and prosperity in similar to North.
The investors from Northern Economic development have taken all the control over Southern railroads, steel and mine industries. The only industry which increased production was cotton mills but was soon bought by Northern corporate men and then there were systems like labor share cropping and crop lien which tangled black as well as white workers to land which in turn fortified debts
There was a lot of prevalence of child labor and the jobs which were given to African Americans were unimportant. The saddest part was that the African Americans were living a life of native servants and they were treated as slaves. This all proves that the life in south was tough and the per capita income of people in Southern region was too less than in comparison to those living in Northern region. Their condition was the same as before the civil wars and hence they still have the same amount of market as before the wars