The most notable New South initiative was the introduction of textile mills in the South for a modern economy grounded in factories.
Explanation: In south, slavery and the plantation methods took the place of sharecropping and tenant farming system in the South. The labor had to share a portion of the grown crops with the landlord in order to pay for renting the land.
Under the sharecropping system, the landlord supplied the capital to buy the seed and equipment where the labor were supplied by shareholder.
In other tenancy farming arrangements the laborer took responsibility for purchasing seed and equipment.
The system did not allow the sharecropper to get ahead. The sharecroppers would not get rid of debt and could not leave. Slavery is the best word that describes Sharecropping.
