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By the 1840's and 50's the Southern economy had almost completely become slave and cash crop agriculture based. Without slaves in the south a person was left either landless and penniless or struggling to get by on a small farm. However, even though slaves dominated the southern economy, slaveholders only included about 2 to 3 percent of the population. This small percentage was the amount of people successful in a slave based, cash crop agricultural, Southern economy. Therefore, the Southern economy was controlled and dominated by those who did and did not have slaves. Furthermore, with the high demand for Southern items in Europe and Northern America more slaves were needed in the South to produce these cash crops...
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