Through the Blockade: The Profitability and Extent of Cotton Smuggling, 1861

Through the Blockade: The Profitability and Extent of Cotton Smuggling, 1861–1865

Published:1981-12 Issue:4 Volume:41 Page:867-888
ISSN:0022-0507
Container-title:The Journal of Economic History
language:en
Short-container-title:J. Eco. History

Author:

Lebergott Stanley

Abstract

Although cotton smuggling through the North's blockade of the South during the American Civil War has often been viewed as a highly profitable activity, only a small percentage of blockade-running ships made more than one run. New figures for capture rates reconcile these observations by showing that the risks of blockade running were substantial. Estimates are also provided for the amount of cotton smuggled through the blockade and of its disposition between the North and Europe.

Publisher

Cambridge University Press (CUP)

Subject

Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics,History

Reference91 articles.

1. In May 1865 the Importing and Exporting Company of South Carolina sold 900 bales to a buyer presumably able to move cotton out of reach of U.S. Treasury agents. National Archives, R.G. 56, Box 85, Cotton and Captured Property Records, Examination and Deposition of Benjamin Mordecai and William C. Bee (No. 6030). The bales were held in Augusta.

2. Gates, Agricuhure and the Civil War, p. 106. O'Connor gives no source or procedure for his estimate.

3. it would surprise no student of the subject to find that the North received more cotton …than did Great Britain from the blockade runners;Rhodes;History of the United States

4. Official Records, Series I, Vol. LIII, p. 979.

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