What were economic failures due to Reconstruction?

There were economic failures due to Reconstruction. One significant factor in this economic decline was what happened in the area of farming. The prices for crops dropped, making it very difficult for farmers to make a living off the crops they grew. Prices for crops such as tobacco, rice, and sugar declined. The price of cotton dropped by nearly 50 percent. The impact that farmers felt eventually spread to other non-farming industries. Some businesses closed, and more people found it difficult to make a living.
The failure of banks was another economic failure of Reconstruction. For example, the Freedman’s Savings Bank closed, as the bank didn’t have enough money to cover the amount that had been deposited in it. The bank had $31,000 in available reserves to cover 61,000 customers. The closing of this bank was a blow to the people who had deposited money in it.
https://paperap.com/paper-on-the-major-failures-of-the-u-s-reconstruction-policies-after-the-civil-war-520/

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