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Books > History > History of specific subjects > Social & cultural history
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Losing the Thread - Cotton, Liverpool and the American Civil War (Hardcover)
Loot Price: R3,553
Discovery Miles 35 530
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Losing the Thread - Cotton, Liverpool and the American Civil War (Hardcover)
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This is the first full-length study of the effect of the American
Civil War on Britain's raw cotton trade and on the Liverpool cotton
market. It includes an analysis of primary sources never used by
historians. Before the civil war, America supplied 80 per cent of
Britain's cotton. In August 1861, this fell to almost zero, where
it remained for four years. Despite increased supplies from
elsewhere, Britain's largest industry received only 36 per cent of
the raw material it needed from 1862-64. This book establishes the
facts of Britain's raw cotton supply during the war: how much there
was of it, in absolute terms and related to the demand, where it
came from and why, how much it cost, and what effect the reduced
supply had on Britain's cotton manufacture. It includes an enquiry
into the causes of the Lancashire cotton famine, which contradicts
the historical consensus on the subject. Examining the impact of
the civil war on Liverpool and its raw cotton market, this
thought-provoking book demonstrates how reckless speculation
infested and distorted the market, and lays bare the shadowy world
of the Liverpool cotton brokers, who profited hugely from the war
while the rest of Lancashire starved.
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