View single post by ole
 Posted: Thu Dec 6th, 2007 04:30 am
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ole
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Now, this interests me.  A larger shadow, and perhaps too poor of a South to fight back?  Thus, no war?  But surely, secession would have been attempted.....


The south was never inhibited from developing industry. It just didn't happen. Most of the money generated just went into more land and more slaves. Did anyone invest in ships? A factory? A bank? The real failure of what was to become the Confederacy, was in not going with the trend. I don't know why they didn't. But they could have invested in some mills and some shipping and a financial market of their own. And they didn't.

Rather, they just complained about the money the northern factors were making off their cotton. Not a hint of creating their own.  The money went into more slaves and more land. And when they really, really needed a foundary, they didn't have but one.

Sad.

ole

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