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A minor point; I had always thought that the North could never allow the South to secede as this would have given them control over the lower reaches of the Mississippi, which was the trade gateway to the northern heartlands.
Such control by the South would have made the North's westward ambitions futile keep to the Fen Causeway
In 1861 the Mississippi River Valley was the only transportation route for transporting bulk cargo (wheat, etc.) to market. From western Pennsylvania it was cheaper to ship down the Ohio River, to the Mississippi, transfer the cargo from river boat to ocean sailing ship in New Orleans, across the Gulf, up the Atlantic coast to New York than shipping it overland. For Iowa, Illinois, Wisconsin, etc., it was the only route to get their products to a paying market. She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
- Jake Friends come and go. Enemies accumulate.
The British empire had outlawed chattel slavery and had gone as far as interdicting the slave trade to South America, using the Royal Navy. Could Southern slavery continued if they had become a "British puppet state?"
A "no" is supported by the fact one of the principal reasons the British Empire did not intervene was slavery.
A "yes" is supported by the fact the BE was acquiescent of the caste system of India. From what I can gather, they didn't like it but they didn't like it enough to try to force its abandonment. She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
Slave prices doubled from $900 in 1820 to $1,800 1861. To translate that, in 1850 the average slave cost $40,000 in today's money. There were (1861 census) 3,950,528 slaves in the south equaling $7,110,950,400 or $158 billion in today's money. US GDP in 1860 is estimated to have been $88,713,000,000 so the capital value of slaves represented ~8% of the US GDP. Roughly 65% of Southern capital was directly tied-up with slavery and something like 95% was directly and indirectly tied-up in slavery; where indirect includes such as fulling mills, cotton ginning, railroads, etc.
For all intents and purposes cotton production from chattel slavery was the Southern economy although they were still involved in tobacco production, rice production in South Carolina, and sugar production in Louisiana. But all these latter paled in comparison to King Cotton whose value was ~$1.3 billion in 1860 dollars.
The South's economic capital was tied-up in slavery. The South's income was derived from slavery.
The South could have adjusted to "free" (sic) labor Crop Sharing -- which is what they did after 1865. But the return on investment to the Ruling Elite would have been much lower and they would have lost the money in their capital investment in slaves, meaning they would have had to start a cycle of capital formation and appreciation from nothing -- which is also what happened after 1865 and why the South was an economic basket case until the 1950s and economically backward even today.
My own opinion is the South could have gotten British intervention in 1861 or 1862 by abandoning slavery but what would be the use of getting British intervening in the Civil War if the Planter Class had to wreck their slave-based economy when the "point" of fighting the Civil War was to maintain slavery? She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
I can't imagine the UK agreeing to adopt the South after that, if only because the South might have expected something similar.
Arguably Lincoln could have saved money overall by suggesting the same trick in the US and paying the South to abolish and mechanise. The total cost of the Civil War was around $7bn nominal, which was very close to 100% of nominal US GDP at the time.
Excellent book review, btw.
I find it was 40% of government expenditure, not of GDP. I find GDP in the mid-1830s was about Ł500 million, thus government expenditure was a tenth of GDP and the slavery emancipation compensation fund was about 4% of GDP (about half of what ATinNM estimated for the US). I suspect your figure of about $7bn for US GDP is government expenditure, too, given that ATinNM wrote above that 1860 US GDP was estimated at $88bn. At any rate, the war expenditure (here estimated at $6bn on the Union side and $2bn on the Confederate side, without veterans' benefits) was about the same as the value of the slaves as estimated by ATinNM. IIRC the Team of Rivals book had an estimate on the money actually intended for Lincoln's 1861 compensation scheme, I'll check it in the evening when I get home.
On the beneficiaries of the compensation in Britain, I found this:
Britain's colonial shame: Slave-owners given huge payouts after abolition - Home News - UK - The Independent
Academics from UCL, including Dr Draper, spent three years drawing together 46,000 records of compensation given to British slave-owners into an internet database to be launched for public use on Wednesday. But he emphasised that the claims set to be unveiled were not just from rich families but included many "very ordinary men and women" and covered the entire spectrum of society.Dr Draper added that the database's findings may have implications for the "reparations debate". Barbados is currently leading the way in calling for reparations from former colonial powers for the injustices suffered by slaves and their families.Among those revealed to have benefited from slavery are ancestors of the Prime Minister, David Cameron, former minister Douglas Hogg, authors Graham Greene and George Orwell, poet Elizabeth Barrett Browning, and the new chairman of the Arts Council, Peter Bazalgette. Other prominent names which feature in the records include scions of one of the nation's oldest banking families, the Barings, and the second Earl of Harewood, Henry Lascelles, an ancestor of the Queen's cousin. Some families used the money to invest in the railways and other aspects of the industrial revolution; others bought or maintained their country houses, and some used the money for philanthropy.
Academics from UCL, including Dr Draper, spent three years drawing together 46,000 records of compensation given to British slave-owners into an internet database to be launched for public use on Wednesday. But he emphasised that the claims set to be unveiled were not just from rich families but included many "very ordinary men and women" and covered the entire spectrum of society.
Dr Draper added that the database's findings may have implications for the "reparations debate". Barbados is currently leading the way in calling for reparations from former colonial powers for the injustices suffered by slaves and their families.
Among those revealed to have benefited from slavery are ancestors of the Prime Minister, David Cameron, former minister Douglas Hogg, authors Graham Greene and George Orwell, poet Elizabeth Barrett Browning, and the new chairman of the Arts Council, Peter Bazalgette. Other prominent names which feature in the records include scions of one of the nation's oldest banking families, the Barings, and the second Earl of Harewood, Henry Lascelles, an ancestor of the Queen's cousin. Some families used the money to invest in the railways and other aspects of the industrial revolution; others bought or maintained their country houses, and some used the money for philanthropy.
Lincoln foresaw just $400 per slave when he attempted a test run in the state legislature of Delaware (which rejected the scheme), and calculated that buying all the slaves in the pro-Union slave states would then cost the same as running the war for 87 days. At $400 per slave, the compensation for all the slaves (including those in the South) would have been $1.6 billion. *Lunatic*, n. One whose delusions are out of fashion.
The US railroad system was in its infancy:
and note it was most developed where river traffic was least developed. Moreover, one can argue the rail road's main purpose was to ship cargo to a river port. She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
The railroads were primarily used to ship manufactured goods from Ohio to the Eastern and Southern markets and ship raw materials to feed those factories. Shipping raw materials to the factories in the Northeast, e.g., coal, was also a factor.
The North didn't have the river systems. A "fake" river system - canals - were used but rail roads out competed them when the goods had to be transported farther than 200 miles.
For passenger service the railroads won hand's down. She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
First Transcontinental Railroad - Wikipedia, the free encyclopedia
Thomas C. Durant, who was building the cross-Iowa railroad (the M&M), was literally banking that the Omaha route would be chosen and began buying up land in Nebraska. In 1857, Durant hired private citizen Abraham Lincoln to represent the M&M in litigation brought by steamboat operators to dismantle Government Bridge, the first railroad bridge across the Mississippi River. The bridge's drawspan was difficult for steamboats to navigate, and many felt the bridge had been built intentionally so.[60] In August 1859, Lincoln, at the behest of M&M attorney Norman Judd, traveled to Council Bluffs to inspect M&M facilities that were to be used to secure a $3,000 loan Lincoln was to hold. On the visit, Lincoln rode the SJ&H railroad and visited railroad locations in Missouri and Kansas before going to Council Bluffs. During the visit, Lincoln was to spend two hours with M&M engineer Grenville M. Dodge at the Pacific House Hotel discussing the merits of starting the railroad in Council Bluffs, and was to visit Cemetery Hill there to look over the proposed route.[61] Lincoln's ties to Council Bluffs were further strengthened by the fact that he had won the 1860 Republican nomination on the third ballot when the Iowa delegation switched its vote to him.[62] In contrast, Lincoln was to get only 10 percent of the Missouri vote in the 1860 Presidential Election. While the Pacific Railroad Act was to award the eastern contract to the newly formed Union Pacific, it was left up to then-President Lincoln to formally choose the location for the railroad to start, and Lincoln in 1862 was to follow the advice of his former client.
Thomas C. Durant, who was building the cross-Iowa railroad (the M&M), was literally banking that the Omaha route would be chosen and began buying up land in Nebraska.
In 1857, Durant hired private citizen Abraham Lincoln to represent the M&M in litigation brought by steamboat operators to dismantle Government Bridge, the first railroad bridge across the Mississippi River. The bridge's drawspan was difficult for steamboats to navigate, and many felt the bridge had been built intentionally so.[60] In August 1859, Lincoln, at the behest of M&M attorney Norman Judd, traveled to Council Bluffs to inspect M&M facilities that were to be used to secure a $3,000 loan Lincoln was to hold. On the visit, Lincoln rode the SJ&H railroad and visited railroad locations in Missouri and Kansas before going to Council Bluffs. During the visit, Lincoln was to spend two hours with M&M engineer Grenville M. Dodge at the Pacific House Hotel discussing the merits of starting the railroad in Council Bluffs, and was to visit Cemetery Hill there to look over the proposed route.[61]
Lincoln's ties to Council Bluffs were further strengthened by the fact that he had won the 1860 Republican nomination on the third ballot when the Iowa delegation switched its vote to him.[62] In contrast, Lincoln was to get only 10 percent of the Missouri vote in the 1860 Presidential Election.
While the Pacific Railroad Act was to award the eastern contract to the newly formed Union Pacific, it was left up to then-President Lincoln to formally choose the location for the railroad to start, and Lincoln in 1862 was to follow the advice of his former client.
That quote aside, what I really was looking at is how the buillding of transcontinental railroads went into full steam with the war. So had the north lost the south they would have had railroads up and runing within a couple of years, with which they could have projected power. Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
When I finally checked up on the matter, the best source I found was Abraham Lincoln as a Railroad Attorney, a 17-page essay by James W. Ely Jr., a professor of law as well as history. I won't review that, but the most important counter to the Lost Cause narrative is that he represented cases both for and against the railroads, taking cases as they came.
Checking some additional sources, the Wikipedia account of the Council Bluffs visit seems severely distorted:
There is an old joke that the modern American legal system was created to sort out disputes between banks and railroads in the mid-19th Century and hasn't changed since. Suffice it to say it was difficult to have a successful law practice and not be involved in railroad cases.
And in all of my sources, too. Ooops, sub-conscious mis-reading. *Lunatic*, n. One whose delusions are out of fashion.
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