What impact did slavery have on the southern economy?

Slavery helped contribute to the south's cotton boom during the 1800's. this cotton boom helped raise the economy up. But during Civil War slavery was banned from the U.S. leaving the south after their defeat to lose the slaves and dropping the south into an economic depression.

People who are being abused do not pay tax and there are not many people who are paying tax and the economy go down and people dont have freedom