Which are only shipped into the United States as a result of the exchange value for goods shipped out of the United States.
If the South wasn't producing 200 million dollars worth of export value, (per year) Europe wouldn't have been shipping in 200 million dollars worth of import products. (per year)
This isn't rocket science. Trade must more or less balance over a given period of time or you will have what is called a "Trade Deficit" or "Trade Surplus."
The steady state solution for this equation is 200 million in import value is the result of 200 million in export value.
You are resisting this because you do not like what it proves. It proves that in 1860 the vast majority of the US government Budget, and a huge amount of the Northern Economy was heavily dependent upon slaves.
It proves that when the South became an independent economic system, it caused a severe loss of money to the North Eastern economy.
No they're not. There was/is no quid pro quo. You're sounding more and more like a wacky marxist every day!
Right.
Throughout those decades the US ran large trade deficits three years out of four, and in those years of trade surplus the surplus was nearly always quite small.
One resource to balance financial books was huge exports of specie, which after discovery in gold in California in 1848 grew by a factor of ten times.
DiogenesLamp: "You are resisting this because you do not like what it proves.
It proves that in 1860 the vast majority of the US government Budget, and a huge amount of the Northern Economy was heavily dependent upon slaves."
More rubbish & nonsense.
Roughly 50% of total US exports in 1860 were slave-produced cotton or tobacco.
That's a huge number, but in 1861 the Union quickly adjusted and prospered without it.
So while slavery was absolutely vital to secessionists, it was something Northerners could quickly learn to live without.