
Reconstruction Era | The Panic | 5
American History Tellers
The Struggles of Black Southerners
Black Southerners endured immense hardship in the aftermath of the Panic of 1873. The South already lagged behind the North in industrial and agricultural output. Without land, most black families remained poor and trapped in the sharecropping system. Hopes for creating a modernized industrial southern economy were shattered.
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