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https://www2.census.gov/library/publications/decennial/1860/preliminary-report/1860e-06.pdf?# See page 107 for a summary of US ship building capacity as tabulated in the 1860 census.
The price for cotton used to compute the redemption rate for the cotton bonds was not a market rate. If an investor could get his cotton allotment to Europe he/she could sell it at a very large markup and make money.I've read several articles on tbe subject of the cotton economy. I still cant get a clear picture of the "why". Could one of you learned people out there help me u derstand just what was the incintive to purchase bonds. Granted patriotism was flying high at one time, but that fizzled and pure old greed seemed to take over.
Too lazy to search old posts, but has anyone dumpster dive'd the Blockade Runner museum in Bermuda?
https://www.bermuda4u.com/sights/national-trust-museum/
Who owned/invested in what ships interests me, yet it's the most (deliberately) obscured facet of this topic.
Too lazy to search old posts, but has anyone dumpster dive'd the Blockade Runner museum in Bermuda?
https://www.bermuda4u.com/sights/national-trust-museum/
Who owned/invested in what ships interests me, yet it's the most (deliberately) obscured facet of this topic.
A wonderful analysis -- devaluing the (already shaky) currency by trade. True, that (as I understand it) Nassau and Bermuda took Gold or British currencies, not being too pleased with the Confederate dollars. Of course this would only get worse as the war progressed and the South lost ground. What an interesting collection you have made here.Interesting information, thank you! We don't hear enough about the Blockade, how the runners functioned and who they were and who made an awful lot of cash. .
There seems to have been contention on how to deal with the Blockade. From 1863, typical article on objections to running goods out and in based mostly on devaluing currency.
North Carolina, which may skew things a little- NC tended to be odd man out on some topics.
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Here is an old NY Times summary of the "Cotton Bond Bubble" by Philip Leigh.I've read several articles on tbe subject of the cotton economy. I still cant get a clear picture of the "why". Could one of you learned people out there help me u derstand just what was the incintive to purchase bonds. Granted patriotism was flying high at one time, but that fizzled and pure old greed seemed to take over.
You truly have an amazing collection of articles. This one on naval intelligence is of particular interest to me. Thanks for sharing it (and all of them).Collection: Master of Military Art and Science Theses
Title: Unremitting vigilance: naval intelligence and the Union blockade during the American Civil War.
Author: Dullum, John M.
Abstract: This thesis investigates the role naval intelligence played in the Union blockade of the Confederacy during the American Civil War and examines intelligence support to blockade operations on the Atlantic coast between 1861- 1865. Discussion begins with an overview of intelligence in the age of sail and the Navy department's intelligence system at the beginning of the war. Included is a detailed look at intelligence as information, a process and a system including an examination of period sources and communication methods. It then proceeds to examine the role of intelligence on the blockade, discussing its impact on operations and effectiveness in stopping the fast, steam, and sail-driven Confederate blockade runners. Intelligence played a crucial role in the effectiveness of the blockade despite the fact that the Union was never able to completely interdict all maritime traffic from entering or leaving Southern ports. There were significant problems with intelligence on the blockade, especially in the realm of tactical intelligence and dissemination. This study investigates these problems as well as intelligence successes at a time when naval warfare was undergoing a dramatic transformation.
Series: Command and General Staff College (CGSC) MMAS thesis
Publisher: Fort Leavenworth, KS : US Army Command and General Staff College,
Date: Original 2000-06-02
Date: Digital 2000-06-02
Call number: ADA 384043
Release statement: Approved for public release; Distribution is unlimited. The opinions and conclusions expressed herein are those of the student-authors and do not necessarily represent the views of the U.S. Army Command and General Staff College or any other governmental agency. (References to these studies should include the foregoing statement.)
Repository: Combined Arms Research Library
Library: Combined Arms Research Library Digital Library
Date created: 2006-02-22
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Cheers,
USS ALASKA
This is an excellent book. But if you bought the first edition, be aware that this 2nd edition contains no new information -- it is just printed in a smaller format.C. L. Webster III, Entrepot: Government Imports into the Confederate States, Edinborough Press; 2nd edition (January 4, 2019), ISBN-10: 1889020478; ISBN-13: 978-1889020471. A 400 page study of blockade running import cargoes. View attachment 298459