Why did the South fail to attract significant economic development in the wake of Reconstruction?

Question

Quizplus · Accepted Answer

While the South did attract some investors looking for cheap labor and low taxes, they tended to be more interested in exploiting the region's resources rather than investing in long-term economic development. This led to a cycle of boom and bust in extractive industries like timber and mining, but little sustained growth in manufacturing or other industries that could support a more diverse and stable economy. Additionally, the legacy of slavery and racism in the South made many investors wary of making long-term commitments to the region, particularly as civil rights protests and violence continued in the 1960s and beyond.

Why Did the South Fail to Attract Significant Economic Development