PeaRidge: “The next year showed a drop of more than 55% over 1860.”
Meaning 1862, right?
So it **proves** my point that Deep South cotton, at least in New York, accounted for roughly half of US exports, not 70% or more.
Plus, at the same time that these imports were falling, Federal revenues were dramatically increasing, enough to pay for the huge expense of Civil War.
Bottom line: facts are not so much in dispute here as interpretations of those facts.
I’m merely saying that, considering everything, this early 1861 treasury problem was not as all-important as you wish us to believe.
None of that is true.
Did you take into account the increases in tariffs and the rate of inflation, there, Brojoke?
No, you didn't.
As for the red herring about 1862, that was well after the decision making time that Linooln used to order the warships to Charleston.