Home Front and the Economy

Home Front and the Economy — page 9
Embargo The prevention of imports and exports from a port or country Curriculum Context Students may be asked to judge the relative influence on the result of the war of military economic social and technological factors Path to Riches Even after it curtailed the embargo the Confederate government was slow to make blockade-runners give cargo space to military supplies Most blockade runners operated entirely for profit transporting luxury goods As the war went on the Confederacy put its own blockade-runners into service and forced private captains to set aside half their cargo space for military supplies Right to the end of the war blockade-runners satisfied the desire of Southerners for luxury goods Did the blockade work The effectiveness of the blockade remains a matter of dispute In 1861 blockade-runners made the trip successfully nine times out of ten though this fell to five in ten in 1865 The blockade appears more effective when the volume of wartime shipping is compared to prewar levels Viewed from this perspective the blockade reduced Confederate seaborne supply by more than two-thirds Historians also disagree about the importance of the blockade and blockade-running in the overall Union victory and Confederate defeat Some see the blockade as the single greatest factor in the Union’s triumph Others believe that the blockade-runners were an invaluable lifeline up to the moment of Confederate defeat A third group of historians probably a majority consider the blockade a significant but not decisive element in deciding the outcome of the war Blockade-running was a lucrative business A bale of cotton in Europe could fetch 10 times its price in the Confederacy On the return journey captains crammed their holds with as many supplies as possible Blockade-running captains preferred cargoes of luxury items such as fine wines liquor spices silk coffee and cigars because these low bulk high-value items maximized their profits The captain of a blockade-runner often earned 5,000 in gold for a successful voyage 12 Home Front and the Economy