the shortage of cotton also drove up the price and hence the value of the South's cotton-backed bonds, making them an irresistibly attractive investment for key members of the British political elite.
The shortage of cotton resulted in increased prices, which, in turn, elevated the value of cotton-backed bonds from the South. This situation made these bonds highly appealing investments for influential figures within the British political landscape.
As the demand for cotton surged, investors saw a lucrative opportunity in these bonds, leading to heightened financial interest from British elites. This dynamic highlights the interconnectedness of global markets and how regional shortages can significantly impact international financial strategies.
