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Say Sherman losses the battle of Atlanta which causes Lincoln not to be reelected in 1864. McClellan negotiates peace with the Confederacy giving them only the states that seceded (not claimed territory like Kentucky.) Can the Confederacy in the coming decades make the change over from an economy based on agriculture to an economy based on industry?

I have heard many arguments that the infrastructure, be it physical things like roads, railroads,telegraphs, etc.. or conceptual infrastructure like banks and government that would allow an industrial economy didn't and in some cases couldn't exist.(EX: Necessary tariffs to protect domestic goods and allow industry to grow were illegal under the CSA'S constitution). Can the CSA work around these problems and build a successful industrial economy? How long does it last? If it lasts into the modern age how do they handle the transition from an industrial to a knowledge economy?
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