← Back to context

Comment by fuzzfactor

3 days ago

I know what you mean but there were so many other possible outcomes that would have resulted in banishment of slavery from North America just as well.

If the southern agricultural states didn't want to be with the free states in the Union any more anyway, it might have been the only opportunity to withdraw without a war.

Individually, without a confederacy, which instead quickly amounted to a large vengeful adversary where there didn't have to be.

It would have been a tough decision for each state to make, under non-emergency conditions, whether they wanted to remain with the country that possessed Wall Street or not.

After all it was Wall Street companies who were often financing the plantations to begin with, before stock traders escalated to funding the slave trade once its human cargo became more lucrative than most.

As it turned out, besides all the death & destruction suffered by all states, Washington itself went into such deep debt to Wall Street in order to fully vanquish the Confederate States, that it set the stage for untenable "permanent" debt where the lenders never got paid back real well for so many decades.

Wall Street has possessed Washington ever since.

Otherwise there would never have been a FED as we know it.