You are mostly right. Below from Wikipeia -
The Original Confederados
At the end of the American Civil War, Emperor Dom Pedro II of Brazil was interested in having cotton crops due to the high prices and through Masonry contacts, recruited experienced cotton farmers for his nation. Dom Pedro offered the potential immigrants subsidies and tax breaks. General Robert E. Lee advised Southerners not to flee to South America but many ignored his advice and set out to establish a new life away from the destruction of war. Many Southerners who took the Emperor's offer had lost their land during the war, were unwilling to live under a conquering army, or simply did not expect an improvement in the South's economic position. In addition, Brazil would not outlaw slavery until 1888. Although a number of historians say that the existence of slavery was an appeal, Alcides Gussi, an independent researcher of Campinas University found that only four families owned a total of 66 slaves from 1868 to 1875. So, it is an established fact that the immigrants did not revert to large-scale, slave-intensive agriculture. Most of the immigrants were from the states of Alabama, Texas, Louisiana, Georgia, and South Carolina.
he immigrants settled in various places in Brazil ranging from the urban areas of Rio de Janeiro and São Paulo to the northern Amazon region. But most of the Confederados settled in the area around present-day Santa Bárbara D'Oeste and Americana, Brazil near São Paulo, which is a shortened version of the name Vila dos Americanos. This was the name it was given by natives in the region due to its American population.
The first original Confederados known to arrive was Colonel William H. Norris of Alabama. The colony at Santa Bárbara D'Oeste is sometimes called the "Norris Colony".
Dom Pedro's program was judged a success for both the immigrants and the Brazilian government. The settlers brought with them modern agricultural techniques and new crops such as watermelon, and pecans that soon spread among the native Brazilian farmers. Some foods of the American South also crossed over and became part of general Brazilian culture such as chess pie, vinegar pie, and southern fried chicken.
The original Confederados continued many elements of American culture and established the first Baptist churches in Brazil. They also established public schools and provided education to their female children which was unusual in Brazil at the time. The Confederados also founded Colégio Internacional in Campinas and the Escola Americana in São Paulo to provide higher education to their children. The Confederados surprisingly allowed blacks to attend their schools and learn to read and write which was considered somewhat scandalous at the time.
Descendants of the immigrants
The first generation of Confederados remained an insular community, but by the third generation, most of the families had intermarried with native Brazilians or immigrants of other origins. Descendants of the Confederados increasingly spoke the Portuguese language and identified themselves as Brazilians. As the area around Santa Bárbara d'Oeste and Americana turned increasingly to the production of sugar cane and society became more mobile, the Confederados drifted to cities. Today, only a few descendant families still live on the original land owned by their ancestors. The descendants of the original Confederados are mostly scattered throughout Brazil but maintain the headquarters of their descendant organization at the Campo Cemetery, in Santa Bárbara D'Oeste.
The descendants still foster a connection with their history through the Fraternity of American Descendants, a descendant organization dedicated to preserving the unique mixed culture. The Confederados also have an annual festival, called the Festa Confederada which is dedicated to fund the Campo Cemetery. The festival is marked by Confederate flags, traditional dress of Confederate uniforms and hoop skirts, food of the American south with a Brazilian flair, and dances and music popular in the American south during the antebellum period. The descendants maintain an affection for the Confederate flag even though they all consider themselves completely Brazilian. Modern Confederados distance themselves from any of the racial controversies.
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In 1972, then Governor (and future President) Jimmy Carter of Georgia visited the city of Americana and visited the grave of his wife Rosalyn's great-uncle who was one of the original Confederados.
http://www.confederados.com.br/ AUBURN UNIVERSITY SPECIAL COLLECTIONS & ARCHIVES DEPARTMENT