Blockaderunner
First Sergeant
- Joined
- Oct 25, 2006
- Location
- North Durham, England
The cotton shortages in England during the Civil War are usually blamed on the blockade. But take a look at this website, which offers a different view. Over production by Lancashire mills in the 1850's had lead to a fall in the price of manufactured cotton goods. Cotton merchants had well stocked wharehouses but withheld supplies while waiting for prices to rise. Has anyone come across this view before? Makes interesting reading.
http://www.spinningtheweb.org.uk/m_...theme=overview&crumb=Lancashire+Cotton+Famine
http://www.spinningtheweb.org.uk/m_...theme=overview&crumb=Lancashire+Cotton+Famine