But even then why give the land to the Blacks? It would make better economic sense to auction off the plantations as going concerns - and there would have been many Northern "carpetbaggers" able to pay good money for them - which most of the Freedmen couldn't.
The biggest winners in the South OTL post war were second and third sons of northern industrialists who came down and gobbled up a great deal of land with a little money enough to deal with the typical bad years that hit.
They did not continue to support the bigger government policies of their northern parents because feudal farmers learn to hate rather quickly a far-off capital (even their own state government, but certainly Washington as well) trying to order their affairs as the farmer had to be constantly light on their feet depending on the soil, the weather, etc.
The farmer didn't ever fully know the year before a season if they would have a bounty or nothing when harvest finally came. The industrialist knew about how many widgets they would make from one year to the next. The rise in big government policies in the North was because the industrialist could work with government to expand their production in a mutualistic relationship and have a good idea on how much expanded production they would have.
If with magic all the farms in the South were given to freedmen along with a load of money to get them through their first few years their loyalty to northern industrialists and their policies wouldn't last very long because big government policies virtually always were bad for farming back then. That reality continued into the 20th century with the Soviet Union and China being later cautionary tales on how well a far off capital can regulate feudal farms.
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