That's what happens when the South was pumping 65 million per year into their economy just from taxes, and many millions more besides from Northern control of shipping and protectionist laws forcing the South to buy Northern products.
After the war? The entire South had become one big slave for the North.
He said as a kid growing up in Mississippi, he and his friends would fantasize about what they would have done to make sure the South won the Civil War.
I don't know what they could have done to win. The North outnumbered them by about five times, so it's very difficult to beat such heavy odds against you.
They could have "won" just by staying out of war, but since I have learned all the things Lincoln was doing and would do to make certain there was a war, I don't think "staying out of war" with an opponent five times bigger than you was a realistic option.
They probably should have just taken the short term losses and refused to use any Northern shipping or buy Northern products. Eventually they might have been able to extricate themselves from Northern control of their industries, but it would have been a hard thing for them to do, if it was even possible.
Amazing.
Federal revenue in 1860 was primarily driven by customs duties (tariffs) and public land sales, with total receipts for the fiscal year ending June 30, 1860, amounting to approximately $56 million.
Got any more fables?