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Economic history of the Confederate States of America | HearLore
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Economic history of the Confederate States of America
Cotton diplomacyBy the late 1850s, Southern cotton accounted for 77 percent of the 800 million pounds consumed in Britain. It made up 90 percent of the 192 million pounds…
King CottonIn 1858, Senator James Henry Hammond of South Carolina stood before the United States Senate and declared that cotton was king.