[SoCal Pubbie]

Can anyone explain to me, if Southern exports generated 70% of federal revenue, why, between fiscal years 1860 and 1861, the U.S. Total Direct Revenue only fell from $65M to $50M? Only about $15M was lost from the secession of the Southern States. About 23%. What gives?

[DiogenesLamp]

Can anyone explain to me, if Southern exports generated 70% of federal revenue, why, between fiscal years 1860 and 1861, the U.S. Total Direct Revenue only fell from $65M to $50M?

I would think they found other sources of revenue during this period, but I have not researched this topic. I've read messages from other people who have researched it, but I didn't consider it particularly important information at the time. My focus has always been on the right to independence, and the reasons why the Northern states invaded the Southern states.

Once the war was started, these sorts of economic details no longer mattered to me.