Abolition of Slavery in the US South Following the Civil War

Excess Demand

Price Impact of the British Cotton Shortage

The Cotton Crisis as an Example of Decentralized Economic Decision-Making

Economic Consequences of the Union Naval Blockade

A government imposes a naval blockade on a rival nation's ports during a conflict. The blockaded nation's economy is heavily reliant on exporting a single raw material to a major industrial power. Based on this scenario, what is the most likely primary economic objective of the blockade?

The existence of 'blockade-runner' ships during the American Civil War demonstrates that the Union's naval blockade was largely ineffective at disrupting the Confederacy's cotton trade.

Strategic Response to a Supply Chain Disruption

Match each historical element related to the 1861 naval blockade of Southern ports with its most direct economic consequence or role.

Analyzing the Economic Impact of a Naval Blockade

Arrange the following events in the correct chronological and causal sequence that resulted from the 1861 naval blockade of Southern ports.

The fact that approximately 1,500 'blockade-runner' ships were captured or destroyed during the American Civil War primarily indicates that:

The naval blockade of Southern ports during the American Civil War severely restricted the export of raw cotton to textile mills in Lancashire, England. Which of the following was the most direct economic consequence for these English mills?

During the American Civil War, the Union's naval blockade of Southern ports significantly reduced the supply of raw cotton to English textile mills. Despite the high risk of capture, numerous 'blockade-runner' ships attempted to bypass the blockade. From an economic perspective, what best explains the motivation for these high-risk smuggling attempts?