Bullsh*t. There was a severe cotton shortage crises at British mills in 1861.
and the British were turning to India and other sources.
*BECAUSE* there was a crises in the supply of cotton! Not because they had too much of it!
Why was their a crises in the supply of Cotton? Because US Warships had cut off all shipping of cotton to England to prevent the Southern states from establishing direct trade with Europe which would *CUT OUT* the Corrupt Washington DC establishment and the New York Crony Capitalists influencing the government from their previously cut of Southern/European trade.
First thing Lincoln did was stop trade between the Southern states and England. It was all about the money. It was never about moral issues.
King Cotton’s reign was ending and those big extra profits would have never happened.
"King Cotton" was assassinated. Without Lincoln's interdiction stopping trade, it was literally impossible for Europe to find cheaper sources of cotton than slave labor.
Now if you can explain to me how paid labor in India and Egypt could provide lower prices than slave labor, I would like to hear it, but it looks to me that without Lincoln stopping the trade, Cotton would have continued to be bought from the South in large quantities by the Europeans.