What is a Carpetbagger?

If somebody called you a carpetbagger, they are not your friend. You also may have taken a trip back in time. Being called a carpetbagger was an insult and commonly used after the time of the Civil War. Northerners who decided to take their money and move down South to take advantage of the lower priced businesses and land available, were commonly called carpetbaggers. I would call them smart.