HISTORY OF THE UNITED STATES - CHARLES A. BEARD Part 6

Số hạt theo dõi nghiên cứu trong một máy bay phản lực vòng hỗn loạn Giordano Lipari, David D. Apsley và Peter K. Stansby Trường Hàng không vũ trụ Cơ khí và Xây dựng - Đại học Manchester Manchester. | The collision between the Merrimac and the Monitor in March 1862 sealed the fate of the Confederacy. The exploits of the union navy are recorded in the falling export of cotton 202 000 000 in 1860 42 000 000 in 1861 and 4 000 000 in 1862. The deadly effect of this paralysis of trade upon Southern war power may be readily imagined. Foreign loans payable in cotton could be negotiated but not paid off. Supplies could be purchased on credit but not brought through the drag net. With extreme difficulty could the Confederate government secure even paper for the issue of money and bonds. Publishers in despair at the loss of supplies were finally driven to the use of brown wrapping paper and wall paper. As the railways and rolling stock wore out it became impossible to renew them from England or France. Unable to export their cotton planters on the seaboard burned it in what were called fires of patriotism. In their lurid light the fatal weakness of Southern economy stood revealed. Diplomacy. The war had not advanced far before the federal government became involved in many perplexing problems of diplomacy in Europe. The Confederacy early turned to England and France for financial aid and for recognition as an independent power. Davis believed that the industrial crisis created by the cotton blockade would in time literally compel Europe to intervene in order to get this essential staple. The crisis came as he expected but not the result. Thousands of English textile workers were thrown out of employment and yet while on the point of starvation they adopted resolutions favoring the North instead of petitioning their government to aid the South by breaking the blockade. With the ruling classes it was far otherwise. Napoleon III the Emperor of the French was eager to help in disrupting the American republic if he could have won England s support he would have carried out his designs. As it turned out he found plenty of sympathy across the Channel but not open

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