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Old South, New South - Revolutions in the Southern Economy since the Civil War (Paperback, Louisiana pbk. ed)
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Old South, New South - Revolutions in the Southern Economy since the Civil War (Paperback, Louisiana pbk. ed)
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In this provocative and intricate analysis of the postbellum
southern economy, Gavin Wright finds in the South's peculiar labor
market the answer to the perennial question of why the region
remained backward for so long. After the Civil War, Wright
explains, the South continued to be a low-wage regional market
embedded in a high-wage national economy. He vividly details the
origins, workings, and ultimate demise of that distinct system. The
post-World War II southern economy, which created today's Sunbelt,
Wright shows, is not the result of the evolution of the old system,
but the product of a revolution brought on by the New Deal and
World War II that shattered the South's stagnant structure and
created a genuinely new, thriving order.
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