No it did not, the South weathered the panic better and cotton prices remained high despite a small decline overall and production increased. Thus in the eyes of many Southerners their economic model was superior to the North. The claim that Cotton is King had it's origins in this crisis.
Crops that were an important part of the economy in the Southern Colonies were tabacco, rice, and indigo.
the southern had
The Southern Colonies' economy relied heavily on slave work and agriculture, typically the production of cotton.
Eli Whitney.
Cotton and tobacco.
the southern economy's counted on Cotton and Slaves . just Cotton and Slaves
Crops that were an important part of the economy in the Southern Colonies were tabacco, rice, and indigo.
c. the cotton gin Slavery was an invention too. It also transformed the southern cotton industry
Cotton
Cotton
the southern had
The Southern Colonies' economy relied heavily on slave work and agriculture, typically the production of cotton.
The South was a cash crop economy of cotton and tobacco.
cotton
Eli Whitney.
timber,tobacco and cotton
Cotton and tobacco.