Episode 316: Slavery, Capitalism, and The 1619 Project, Pt. 1
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The King Cotton Theory of Economic Growth
The King Cotton theory of economic growth asserts that cotton was an essential staple crop to textile production, trade and commerce in the 19th century. The Northern economy just wallops the South in terms of industrial prowess, munitions, ability to field armies, everything. But what really happens in the Civil War is when the blockade cuts off the American cotton source out of the South,. Britain and France and all these other empires that have textile mills are drawing on previously American imports.
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