Which of the following is NOT an accurate statement about the South's economy between 1840 and 1860?
a. The number of families owning slaves increased.
b. Industrial development stagnated because capital was tied up in land and labor.
c. The Border States saw an increase in free labor and a decrease in slave labor.
d. Slave labor was becoming concentrated in the Lower South.
e. Economic opportunities for non-slave holding whites were limited in the agrarian South.
Answer: a. The number of families owning slaves increased.
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