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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 ...
The Confederate government managed to honor the Cotton Bonds throughout the war, and in fact their price rose steeply until the fall of Atlanta to Sherman. This rise reflected both the increase in the underlying cotton prices and perhaps the possibility that George B. McClellan might get elected as US President on a peace platform. In contrast ...
The Confederacy believed that both Britain and France, who before the war depended heavily on Southern cotton for textile manufacturing, would support the Confederate war effort if the cotton trade were restricted. Ultimately, cotton diplomacy did not work in favor of the Confederacy, as European nations largely sought alternative markets to ...
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 ...
Over 90 percent of Confederate trade with Britain ended, causing a severe shortage of cotton by 1862. [1] Private British blockade runners sent munitions and luxuries to Confederate ports in return for cotton and tobacco. [2]
The slave-labor system was abolished; sharecropping emerged and replaced slavery to supply the labor needed for cotton production, but cotton prices plunged during the Panic of 1873, leading the plantation complexes in the Southern United States to decline in profitability. Northern industry, which had expanded rapidly before and during the war ...
A summer t-shirt may cost you a bit more in the coming months. Cotton prices are soaring. Futures for the commodity were trading at their highest levels since 2011 this week, surpassing $1.48 per ...
The Bureau of Foreign Supplies was the agency of the Confederate States War Department created by an Act of Congress in 1864 that was responsible for purchasing and exporting cotton and other produce for the Confederacy in order to fund the war effort during the final year of the American Civil War. [1]