Well, they never did replace the $192 million in cotton exports, but as it turned out, they didn't need to.
They simply multiplied other exports which paid for more imports which soon doubled Federal tariff revenues.
DiogenesLamp: " 'Borrowing' is not real money.
It is in fact how we got into our current mess.
Another disastrous consequence of the Civil War."
More stuff & nonsense.
In fact, Civil War debt never reached the levels of Revolutionary War debts, and was soon paid down.
So Federal debt did not rise out of control until Democrats under President Roosevelt's New Deal drove it through the roof.
Today Democrats have again driven debt through the roof and this time for no quantifiable benefit.
So when you guys hit 1 million posts are we going to have a party?