How did life in the south change politically, economically, and socially after the civil war?

Politically, blacks were no longer considered property. They were their own person and didn't have to ask a white man to do anything nor take orders.

Economically, the south took major hits. Slavery supported its economy because of the slave auctions for example. It had to reroute its entire economy to prevent bankruptcy.

Socially, blacks went up in the world. They weren't entirely free since shortly after slavery was abolished Jim Crow laws were established.

Does that work?