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Through the Blockade: The Profitability and Extent of Cotton Smuggling, 1861–1865

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  • Lebergott, Stanley

Abstract

Although cotton smuggling through the North's blockade of the South during the American Civil War has often been viewed as a highly profitable activity, only a small percentage of blockade-running ships made more than one run. New figures for capture rates reconcile these observations by showing that the risks of blockade running were substantial. Estimates are also provided for the amount of cotton smuggled through the blockade and of its disposition between the North and Europe.

Suggested Citation

  • Lebergott, Stanley, 1981. "Through the Blockade: The Profitability and Extent of Cotton Smuggling, 1861–1865," The Journal of Economic History, Cambridge University Press, vol. 41(4), pages 867-888, December.
    • Handle: RePEc:cup:jechis:v:41:y:1981:i:04:p:867-888_04
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    Cited by:

    1. Hetherington, Bruce W. & Kower, Peter J., 2011. "Technological diffusion and the Union blockade," Explorations in Economic History, Elsevier, vol. 48(2), pages 310-324, April.
    2. Marc D. Weidenmier, 2002. "Turning Points in the U.S. Civil War: Views from the Grayback Market," Southern Economic Journal, John Wiley & Sons, vol. 68(4), pages 875-890, April.

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