What was a financial outcome for the South after the Civil War?

A start from Internet:

The Economy of the South After the Civil War. Three reasons the economy of the South was not very strong before the Civil War. 1. Profits were made because labor was unpaid. 2. limited major crops were planted: cotton, tobacco, and sugar. 3. Other industry was believed to be unneeded.

Did you know?

Did you know that the South experienced a devastating financial outcome after the Civil War? The war had a profound impact on the region's economy, resulting in widespread poverty and economic disarray. The South's agricultural-based economy, heavily reliant on slave labor, was in shambles as plantation owners lost their unpaid workforce. Additionally, the Confederacy's currency became virtually worthless, leaving the Southern states with massive debts. The aftermath of the war saw the South grappling with a long and arduous process of rebuilding its economy and infrastructure. This period marked a significant turning point in American history, highlighting the immense challenges faced by the South in recovering from the devastating financial consequences of the Civil War.