Historians estimate that southern wealth declined by roughly 43 percent during the war years.

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The American Civil War caused a significant decline in the South's wealth, primarily due to the destruction of property, loss of slave labor (which was considered part of the South's wealth), and the overall disruption of the Southern economy. Estimates of the decline in Southern wealth during the war years often cite figures around 40% to 50%, making the 43% estimate within the plausible range.

Historians Estimate That Southern Wealth Declined by Roughly 43 Percent