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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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