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[3] In doing so, the Confederacy hoped to gain valuable allies to fight alongside them during the Civil War, or to generate enough profit from cotton to sustain the war effort. In 1860, Europe consumed 3,759,480 bales of American cotton and held 584,280 bales of American cotton in reserve, compared to a mere 474,440 bales of East Indian cotton ...
The main prewar agricultural products of the Confederate States were cotton, tobacco, and sugarcane, with hogs, cattle, grain and vegetable plots. Pre-war agricultural production estimated for the Southern states is as follows (Union states in parentheses for comparison): 1.7 million horses (3.4 million), 800,000 mules (100,000), 2.7 million dairy cows (5 million), 5 million sheep (14 million ...
Cotton diplomacy, the idea that cotton would cause Britain and France to intervene in the Civil War, was unsuccessful. [53] It was thought that the Civil War caused the Lancashire Cotton Famine, a period between 1861 and 1865 of depression in the British cotton industry, by blocking off American raw cotton. Some, however, suggest that the ...
King Cotton, a panoramic photograph of a cotton plantation in 1907, now housed in the Library of Congress "King Cotton" is a slogan that summarized the strategy used before the American Civil War (of 1861–1865) by secessionists in the southern states (the future Confederate States of America) to claim the feasibility of secession and to prove there was no need to fear a war with the northern ...
James Murray Mason John Slidell. Even the most avid promoters of secession had paid little attention to European affairs prior to 1860. The Confederates had for years uncritically assumed that "cotton is king"—that is, European countries had to support the Confederacy to obtain cotton.
By the end of the Civil War, the Union Navy had captured more than 1,100 blockade runners and had destroyed or run aground another 355. The Union had also reduced the American South's exports of cotton by 95 percent from pre-war levels, devaluing the Confederate States dollar and severely damaging the Confederacy's economy. [2] [3]
A trickle of raw cotton reached Lancashire in late 1863 but failed to get to the worst affected regions, being swallowed up in Manchester. The cotton was adulterated with stones but its arrival caused the principal operators to bring in key operators to prepare the mills. The American Civil War ended in April 1865.
Cotton prices kept going up as the South remained the main supplier in the world. In 1860, the US shipped 3.5 million bales worth $192 million. [125] [126] After the American Civil War, cotton production expanded to small farms, operated by white and black tenant farmers and sharecroppers.