Are you just pretending to be stupid or is this intended to be a honest question?
72% of Federal revenue came from export products from the South. If PEACE had maintained, those products would have eventually shipped directly from the South to Europe, and Northern Factors wouldn't have been involved. Northern businesses would not have been involved.
That 200 million dollars per year would have been completely removed from the Northern economy. The 500 million in direct trade with the North would also become less and less, because Southerners would be buying cheaper and better quality products directly from Europe.
They kept everything they made from cotton.
They kept 40% of the profits from cotton. The "Factors" and Northern shipping companies, as well as the FedGov all took "their share", leaving the actual slaveholders to make less money from slavery than the Northern businesses and government.
Which is why the North really didn't mind passing the Corwin Amendment. Most of the profits from slavery were going into their pockets.
England developed new sources of cotton in Egypt and India.
Only because of the blockade. If peace had been maintained, they never would have developed alternative sources.
And historical details aside, how in the f**k can you show sympathy for a bunch of rouge aristocrats who championed slavery and attempted to destroy this nation all for their own enrichment?
Like the founders of this country? How can you not see that the civil war is identical to the Revolutionary war? Except the King was much closer and much more willing to shed blood than George III.
You are the only one being stupid here. It’s been explained to you multiple times that the Federal government did not tax exports. I’ll say it again. The Federal Government did Not tax EXPORTS!
You either do not understand the difference between imports and exports, or you are being intentionally stupid.
They kept 40% of the profits from cotton. The "Factors" and Northern shipping companies, as well as the FedGov all took "their share", leaving the actual slaveholders to make less money from slavery than the Northern businesses and government.
Where the hell did you get the 40% number. Show me the source for that lie. And what “share” did the Federal Government take. How did they take it. You know damn well you are just making this stuff up.
Don’t you get tired of just making up Bull Shit?
How much?
The table below represents the best summary I can find of US & CSA economics during the years 1860-1865:
DiogenesLamp: "72% of Federal revenue came from export products from the South.
If PEACE had maintained, those products would have eventually shipped directly from the South to Europe, and Northern Factors wouldn't have been involved.
Northern businesses would not have been involved.
That 200 million dollars per year [Southern Products
exports] would have been completely removed from the Northern economy.
The 500 million in direct trade with the North would also become less and less, because Southerners would be buying cheaper and better quality products directly from Europe."
Yes, DiogenesLamp's basic claim that the Union economy would (& did) suffer from removal of Confederate state exports & trade with the Union is valid -- that did happen to some degree, arguably circa 15%-20% overall.
However, the net result in 1861 was not a reduction in Union GDP -- even when adjusted for inflation, Union GDP continued to grow throughout the Civil War.
So, while the loss of Confederate state exports did hurt the Union economically, it was not the devastation our Lost Cause apologists like to pretend.
However, secession was absolutely devastating to the Confederate economy, which had contracted 65% in 1865, compared to 1860, in constant dollars.
Further, by 1863 Federal tariff revenues in nominal terms exceeded 1860's, and by 1864 even in inflation adjusted terms.
So all pretenses that "the South" "paid for" any number remotely resembling 72% of Federal revenues are just nonsense.
Here are the real numbers:
| Year | USA Nominal GDP | Inflation-Adjusted GDP (1860$) | Union GDP | CSA GDP | Total Exports | Southern Exports | Specie Exports** | Total Imports | Tariff Revenues | Average Tariff %* |
|---|---|---|---|---|---|---|---|---|---|---|
| 1860 | 4,410 | 4,316 | 3,546 | 770 | 400 | 208 | 67 | 354 | 53 | 15% |
| 1861 | 4,673 | 4,398 | 3,738 | 660 | 209 | 63 | 24 | 272 | 38 | 14% |
| 1862 | 5,881 | 4,945 | 4,435 | 510 | 159 | 12 | 159 | 41 | 26% | |
| 1863 | 7,746 | 5,323 | 4,908 | 415 | 142 | 17 | 167 | 47 | 28% | |
| 1864 | 9,600 | 5,379 | 5,064 | 315 | 144 | 25 | 177 | 57 | 32% | |
| 1865 | 10,012 | 5,523 | 5,248 | 275 | 143 | 30 | 132 | 47 | 36% | |
| Notes: Union GDP calculated as total U.S. GDP minus estimated CSA GDP. Non-GDP series deflated using implied GDP deflators derived from Officer–Williamson. Southern exports available only for 1860–1861. * Tariffs after 1861 are Morrill Tariff rates. ** Specie exports are reported in nominal values and are not inflation‑adjusted, as they represent physical transfers of gold and silver rather than transactions settled in depreciated paper currency. | ||||||||||
Sources
[1] Nominal U.S. GDP (Officer–Williamson / MeasuringWorth):
https://www.measuringworth.com/datasets/usgdp/result.php
[2] GDP methodology:
https://www.measuringworth.com/datasets/usgdp/constructiongdp.php
[3] Inflation-adjusted GDP series:
https://www.measuringworth.com/datasets/usgdp/sourcegdppre29.php
[4] Confederate States GDP estimates:
Historical Statistics of the United States
Schwab (1901), Confederate States of America
[5] U.S. exports, imports, and specie:
Scientific American Reference Book
U.S. Census foreign trade history
[6] U.S. tariff revenues:
Trescott, “Federal Government Receipts and Expenditures, 1861–1875” (JSTOR)