Well my friend, secession happened and the economy in the North did very well, even grew during the war, all without “King Cotton”. Now what is I am failing to grasp? And how did the South pay 75% of Federal taxes. Show me the data.
Borrowing. Inflating. Blockading trade from the South. Creating fake money. None of this deals with what *WOULD HAVE* happened if they had not started a war with the South.
They forced all shipping into Northern ports, when those ships would have rather gone to Southern ports at that time.
Now what is I am failing to grasp?
You are failing to grasp what would have happened in the absence of a war. The South would have continued to gain wealth, and the North would have been suffering a massive economic decline.