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"southern planters owed northern bankers and other creditors about $300 million, and much of this immense sum would be lost----as, in fact, it later was---- should the Union dissolve. New England textile mills were fed with cotton raised by the slaves, and a disrupted labor system might cut off this vital supply and bring unemployment."

-- American Pageant 13e

Hope this helps whoever is taking AP US history

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Related Questions

Why was abolitionism unpopular in the north at first?

Abolitionism was initially unpopular in the North due to a combination of economic interests, racial prejudices, and social concerns. Many Northerners benefited from the economic ties to the South, including textile industries that relied on cotton produced by enslaved labor. Additionally, prevalent racist attitudes made many white Northerners uncomfortable with the idea of full social and political equality for Black individuals. Fear of social upheaval and the potential for increased sectional conflict also contributed to the reluctance to fully embrace abolitionist ideals.


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