Читать книгу American Civil War For Dummies - Keith D. Dickson - Страница 126

Financially speaking, cotton was white gold. Cotton shipped to European markets would fetch high prices, especially when the Europeans began to feel the pinch of cotton shortages as a result of the war. In turn, money from cotton sales could be used to purchase the weapons and supplies for Southern armies that the Confederacy could not produce itself. In addition, cotton could be used as collateral for foreign loans to support the Confederate government. Cotton became both a diplomatic and a financial advantage that President Davis hoped would be the decisive factor that would win the war for the Confederacy.