2min chapter

In Our Time cover image

The Lancashire Cotton Famine

In Our Time

CHAPTER

What's the Difference Between Liverpool and Manchester?

London was the preferred destination for investments from Britain in the 19th century. Banks and investment houses have an enormous amount invested in the American future. London's fear is that if Britain were to come in on the side of the Confederacy, then the loans would be lost. Something like 40% of the wheat that we're consuming in Britain in the 1860s is coming from the United States.

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