The statement that best describes the problems the North and South faced after the Civil War is: "Though both areas suffered from the war, the South fared much worse than the North."
After the Civil War, the South experienced significant devastation, including widespread destruction of infrastructure, economic hardship due to the loss of slave labor, and social upheaval as it transitioned from a slave-based economy. In comparison, while the North also experienced challenges, such as adjusting the economy and dealing with war casualties, it had more industrial resources and infrastructure intact, which positioned it better for recovery.