Asked • 06/29/19

What was the effect of the Civil War on the cost of cotton?

Contemporary economics warns us that if you make goods significantly more expensive to produce, the costs will be passed on to consumers in the form of higher prices. So that makes me wonder: what data do we have available on the effects of the Civil War, and particularly the liberation of the slaves, on the price of cotton? How big of a difference did it actually make?

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