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Some historians appear to agree with additional support. During the 18th century, the slave economy was significant in the expansion of industry & commerce, but its value declined & was no longer needed by the 19th century. Slave-intensive sugar production that dominated the 18th century became less important in the 19th century as shipment of cotton products to international markets grew in significance. Unlike sugar, cotton had less need for slaves, and early cotton growers used slaves primarily because they were already slave-owners.
Slavery restrained economic development of the south, causing it to underperform economically: while it unevenly concentrated the lesser wealth produced there, the lesser wealth produced there benefitted the rest of the economy less than it could have. Free states didn’t benefit from the less wealth concentrated elsewhere.