Here in the south most economy is based on farming. This is mostly because the land here is more fertile then up north so this is the best place to make the nations food.
Wealth is often measured in the amount of land or slaves a single person owns. This has also made a major effect on society because that put us behind the curve for freeing slaves.
Society here has had it's issues. For starters we are taking a lot longer to allow freedom to slaves. This is because they are essential to our farming industry. In other issues a very small group of people dominated most of the wealth leaving everyone else to fight for the rest of the wealth.
Up here in the North our economy is based off of factories.The factories didn't only help the North, they also helped the southern farming industry with new machines. You no longer have to have an excellent education With the new machines that are coming out companies can hire less skilled workers so they can pay them less. This also makes goods cheaper.
Society here isn't the best either. We are getting lots of new immigrants which is good but the immigrants especially the Irish are facing lots of attacks and ridicule. Also even though we don't have slaves the free blacks are not getting equality.