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To: DiogenesLamp
There wouldn't have been nearly so many "Northern consumers" but for the 60% vigorish siphoned off of the Southern export trade. Secession severs that money stream to "northern consumers."

And yet for some reason during the rebellion and in the years afterwards U.S. imports and tariff revenue increased without all those southern exports. Go figure.

839 posted on 08/19/2021 11:43:37 AM PDT by DoodleDawg
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To: DoodleDawg
And yet for some reason during the rebellion and in the years afterwards U.S. imports and tariff revenue increased without all those southern exports.

One of the things i've noticed that big government liberals do when they are in charge of the government is cook the books.

I remember when Obama took office, and shortly thereafter the price of everything doubled. What did the government report? No significant inflation. They had removed the cost of fuel and food from the formula they used to calculate inflation.

What did the value of the dollar do during this civil war period? Did it remain the same, or did it suddenly get massively inflated? Did they borrow money to pay for their imports? Where did their extra money come from?

I don't believe in economic magic, and they had to pay for European imports somehow, and unless the Europeans suddenly got a craving for fish and leather goods, i'm not sure what it was they would have exported to Europe to pay for all their imports.

866 posted on 08/19/2021 3:01:56 PM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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