|
http://opinionator.blogs.nytimes.com/2011/08/14/squeezing-the-south-into-submission/
"Shortages led to inflation and, as the price of foodstuffs spiked, buying power steadily decreased, by about a sixth during the first year of the conflict. Increases in prices were especially marked in areas close to the front lines,where food distribution was directly affected by the fighting. A typical Southern family’s food bill was $6.65 per month at the time of secession, $68 per month in 1863, and $400 per month in 1864. Indeed, by the spring of 1863, prices for food and dry goods were going up about 10 percent a month. Butter that cost 20 cents a pound when secession was declared commanded seven times as much a year later — and up to 100 times as much in some locales, if it was available at all, during the last year of the war. Untenable prices led to outbursts of civil unrest and incidents, ranging from the looting of supply trains to bread riots in Richmond and other Southern cities.
Before the first summer of the war was over, Southerners had already begun to suffer the effects of shortages imposed by the conflict. Few could conceive, however, just how severe the privations they would ultimately have to endure would become in the months and long years that followed."
I agree that the Emancipation Proclamation wasn't purely altruistic (though I think it was a lot more than folks give credit), but I think that there are more compelling arguments than economics. First, I think that it more likely that the Proclamation was to be a bludgeon to convince those governments in rebellion to lay down arms--the fact that it was issued with a three-month deadline to comply hints as much. Secondly, I'm amenable to the argument that it was used to forestall British and French recognition of Southern independence, but even that's complicated because the Britons had already developed new markets for cotton in Egypt and India.
Regardless, what's paramount is that the Emancipation Proclamation aligned the Union's war aims with abolition. A war of reunification effectively became a war of liberation. And that's the legacy that matters, in my opinion. ------- "A man who is good enough to shed his blood for his country is good enough to be given a square deal afterwards. More than that no man is entitled, and less than that no man shall have." - TR
|