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Why did the value of cotton grow?

Updated: 9/15/2023
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12y ago

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During the Civil War the value of cotton grew because of the term Cotton Diplomacy. Basically the South threatened to not ship cotton to Great Britain and France if they did not help the South win the war. This failed horribly because the South was not the main shippers of cotton for Great Britain or France and both countries had eliminated slavery already so it was against their laws to help the south.

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12y ago
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Q: Why did the value of cotton grow?
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