Absolutely correct. The Union States lacked the resources that were available in the south, but had most of the manufacturing ability. So the Northern States attempted to roll over Southern States and used their support of slavery as an excuse. After the South lost the War, the Northerners came down in droves (Carpetbaggers) to control the farming assets of the South. Originally, the South was supported by the French, but as usual, their partnership was based on winning only, not on principle. The Union States were ‘bending’ the Constitution even then to meet their requirements, while the Southern States fought for the U.S. Constitution as written, because that is what they agreed to when they joined the United States. Now the same states are trying to destroy the Constitution for the same reasons: It does not allow them to trample on the States Rights and stands in the way of their quest for power. “The War of Northern Aggresson” is more accurate from a Southern perspective, while the Northern States referred to it as the War of Rebellion, or Civil War.
The Union States lacked the resources that were available in the south, but had most of the manufacturing ability.
After the war was lost, the South, which had been fairly wealthy had two huge problems. Much of their former wealth was in the value of the slaves held by the wealthy, but that wealth vanished with the passage of the 13th Amendment.
But it was a provision of the 14th Amendment that doomed the South economically. All debts, including currency issued by the CSA or any other the seceding states was null and void. Only US currency, gold and silver could pay debts, including real estate taxes. Carpetbaggers with lots of cash could buy up property for next to nothing since patriotic southerners had exchanged their gold and silver for Confederate bonds and banknotes.
“The War of Northern Aggression” is more accurate from a Southern perspective, “
Well I grew up in the south side of Chicago!