As for the notion, since promulgated, of shipping cotton to England early in the war and holding it there as the basis of credit, that is completely negatived, as you know, by the fact that at the early stage of the war no one expected the blockade or the war to last more than a year.1The South itself thus helped the North by its want of grasp of the situation. The North, in the former's view, driven by European command that cotton must not be interfered with, was to yield quickly to the Southern demands. The South did not recognize that, in the rapidly developing events, to hesitate was to lose all. The quick grip of the navy was to be the Union's salvation. Though England's weekly consumption of cotton was reduced in a year from fifty thousand to twenty thousand bales of cotton, the people of Lancashire stood by the North. Recognition of the Confederacy did not come. The South attempted a change of policy, but the chance to exploit its cotton was gone. At the basis of the South's belief in the quick ending of the war, was the profound conviction of most of the Southern leaders that Europe's deprivation of cotton would quickly bring European intervention. Senator James H. Hammond,
This text is part of:
Table of Contents:
This work is licensed under a Creative Commons Attribution-ShareAlike 3.0 United States License.
An XML version of this text is available for download, with the additional restriction that you offer Perseus any modifications you make. Perseus provides credit for all accepted changes, storing new additions in a versioning system.