Somewhere in that linked thread there is a very good explanation of how the New York business interests managed to gouge the Southerners with all these little cuts that worked out to be 40% of the total revenue produced by export. When I get time to do so, i'll read through the thread and see if I can find those sections where that same fellow claiming his family was involved in this shipping business at the time, explains how they were gouging because of laws which allowed them to do it.
Do either of you actually understand how the plantation owner sold his crop?
Pretty sure I do. I've only read and reread this information dozens of times already. New York ran the cotton trade. Period.
Between New York and Washington DC, most of the money produced by slaves went into the pockets of people in New York and Washington DC.
*NOW* you know why they didn't want to do anything about slavery. *NOW* you know why they had no trouble passing the Corwin Amendment.
“ New York ran the cotton trade. Period.”
Absolutely untrue. Cotton was sold through factors. Factors allowed the grower to be paid quickly instead of having to wait until the product made it to the buyer. Factors also advised the grower on the best time to sell if they anticipated the market going up, or to sell at the moment if they felt the price would be going down. Factors also helped arrange loans from bankers and provide all sorts of equipment that the growers needed. There were factors all over the South. Sometimes the plantation owners even sold directly to factors in England.
I’m going to school you on these facts in a post in the coming days so make sure you get plenty of sleep between now and then.