![]() And long after the slavery trade was made illegal in 1808, the city’s underground market in enslaved people continued to thrive. As the business capital of the nation, New York City had not welcomed the onset of the Civil War, as it meant losing the South as an important trading partner.Ĭotton was an extremely valuable product for New York’s merchants: Before the Civil War, cotton represented 40 percent of all the goods shipped out of the city’s port.
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