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To: DiogenesLamp

“Laws passed by a Northern controlled Congress routed all the money produced by the South into Northern “elite” pockets.”

ALL of the money? So the South were living with zero money. Interesting theory.


192 posted on 08/01/2022 1:39:58 PM PDT by plain talk
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To: plain talk
ALL of the money? So the South were living with zero money. Interesting theory.

Yes, it was ALL of the money. No, the South was not living with zero money.

ALL of the money did indeed pass through the hands of the Northeastern elite, and they kept about 60% of the total. Including Washington DC's portion of the take.

The Southerners received about 40% of the total value of their trade with Europe. All the rest was kept by the North, but *ALL* the money went through Northern control.

(except for a tiny bit that went to New Orleans.)

This map pretty well represents what was happening.


206 posted on 08/01/2022 1:59:53 PM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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