Slavery was even dying before the cotton gin was invented. It’s inventor even thought it would end slavery; but ironically for him, it did the opposite.
Turns out if you can use less slaves to make the same amount of cotton, demand goes up and thus supply must too.
Industrialization in the form of the cotton gin was one of the main reasons slavery was so profitable in the South. What are you talking about?
Slavery was even dying before the cotton gin was invented. It’s inventor even thought it would end slavery; but ironically for him, it did the opposite.
Turns out if you can use less slaves to make the same amount of cotton, demand goes up and thus supply must too.
I’m talking about basing an economy off of one export and then starting a war with the dudes who have all the boats and manufacturing!
A southerner would think they would lose the export anyway due to abolition. So gambling on the union not being that keen on fighting may be sensible.