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South Carolina Economy
About half of Alabama
In the late 18th century, South Carolina
was one of the most prosperous of the original thirteen colonies. With the
invention of the cotton gin in the early 19th century, cotton became a major
crop for the state. However, the Civil War, and the end of the plantation system
supported by slaves, devastated the South Carolina economy.
By the 1880’s, the textile industry began to flourish again in South Carolina.
It was not until after World War II, however, that South Carolina began pulling
out of the economic depths to which it had sunk. Today, the state is a leader in
the manufacturing and tourism industries and has a diversified economy. Numerous
domestic and foreign industrial companies have plants in South Carolina, and the
state is rapidly regaining the place of prominence it formerly held in the
nation.
In recent years tourism has become a major industry, as travelers discovered the
state's beaches and mountains. On September 21, 1989 Hurricane Hugo struck the
coast, causing great damage to homes, businesses, and natural areas, but the
state has made a remarkable recovery since then.
South Carolina Economic Information from
Teachersfirst.com
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