Answer:
Britain and France depended on the south for four-fifths of their cotton for their textile industries
Step-by-step explanation:
During the American civil war the Great Britain remained neutral during the American civil war due to the fact that they never recognized the confederates states of America which were made up of the southern sates as a country and did not exchange ambassadors with them nor was a treaty signed between them.
The confederacy hoped for military help from France and Britain because the confederacy were very good in Agriculture and provided/exported most of their produce including cotton to the Europeans. so they felt the European nation will help them achieve independence but America threatening war on them was one of the reasons that made them not to intervene.