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7
christopher 7 points ago +8 / -1

Civil war started April 12, 1861. Emancipation Proclamation wasn't issued until January 1, 1863.

4
Rothbard 4 points ago +4 / -0

Yeah because the UK said if you want the debt to continue funding your war you need to drop slavery.

Remember the UK dropped slavery and the US was growing quickly but still smaller than the UK. Slave trade was helping that. (They didnt quite grasp the growth was due to freedom at this point) The UK was all for a long civil war ending in no slavery it allowed them to be the dominant empire for a few more decades.

So for the UK bankers and Lincoln it was ideal.