Cotton was in high demand for textile factories in Europe and profits were high on plantations with 50 or more slaves. Most of the profits went toward purchase of new farmland (because cotton rapidly depletes the fertility of the soil) and more slaves, as well as cheap clothing for the slaves. Relatively little was spent on machinery or on luxury goods. More likely money went to gambling, and racehorses. High prestige occupations included plantation ownership, the law and medicine. Doctors were hired to keep the slaves healthy. There were very few colleges in the region, apart from a few small state schools and military academies. One [[Mississippi]] planter, Jefferson Davis, remarked that only in the South "did a gentlemen go to a military academy who did not intend to follow the profession of arms." (TL 1, pg 12) | Cotton was in high demand for textile factories in Europe and profits were high on plantations with 50 or more slaves. Most of the profits went toward purchase of new farmland (because cotton rapidly depletes the fertility of the soil) and more slaves, as well as cheap clothing for the slaves. Relatively little was spent on machinery or on luxury goods. More likely money went to gambling, and racehorses. High prestige occupations included plantation ownership, the law and medicine. Doctors were hired to keep the slaves healthy. There were very few colleges in the region, apart from a few small state schools and military academies. One [[Mississippi]] planter, Jefferson Davis, remarked that only in the South "did a gentlemen go to a military academy who did not intend to follow the profession of arms." (TL 1, pg 12) |