The Struggle for Imperial Unity: Recollections & ExperiencesDenison, George T. (George Taylor)
History
The Struggle for Imperial Unity: Recollections & Experiences
Denison, George T. (George Taylor)
Canada -- History -- 1867-1914
I have been told that no country could put on an embargo, that the
people would rebel against being prevented from selling their
produce, but I have one example which conclusively proves my argument.
The southern States had the bulk of the cotton supply of the world
when the Civil war broke out in 1860. Their main industry was growing
cotton, their capital, labour, and business were mainly involved in
the production and sale of it. To force Great Britain to recognise
and assist them, in other words, to bring pressure to bear upon a
neutral power, the southern Government placed an embargo on the export
of cotton. At Great Britain's request the northern Government agreed
to give permits to let it go to England. So that it was not the
blockade alone which prevented its export. The southern Government
maintained a strict embargo. When their troops were forced back
the stores of cotton were seized and paid for by the Confederate
Government by receipts and Government bonds, and the cotton was
burned. Mrs. Jefferson Davis, in her memoirs, says that her husband
grudged every pound that got out. Now let us see what was the result
of this embargo, and how far it was possible to enforce it. In 1860,
England imported from the United States 1,115,890,608 pounds; in 1861,
England imported from the United States, 819,500,528 pounds; in 1862,
England imported from the United States 13,524,224 pounds; in 1863,
England imported from the United States 6,394,080 pounds; in 1864,
England imported from the United States 14,198,688 pounds. The drop
from 1,115,890,608 to 6,394,080 pounds, about one-half of one per
cent, shows how complete this embargo was. The cotton famine has not
been forgotten. The loss to the English people has been computed at
£65,000,000, and yet this only affected one industry in one section of
one kingdom. (Hear, hear.)
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account