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Lets say british cotton production is down severely during the last years of the american civil war. The confederacy is able to convince britain and france to support the confederacy in 1864, under the grounds that the confederacy sells britain cotton at ridicously low prices and openly supports a french regime in mexico.

But before a significant number of french and british troops arrive, atlanta has been burned and the war is virtually over.

so, my main point is. once the civil war is over could the union had gotten pissed enough to invade british canada and french mexico? just a thought.
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