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How would british and french recognition of the confederacy have helped the south to overcome the advantages of the north during the civil war?

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Overseas, the British and French empires could have recognized the Confederate states as a country. This would have helped them tremendously, as they could have been part of world organizations and meetings to make decisions. Also, they could have set up more trading stations for merchants to sell off items to gain resources. However, Europe didn't recognize them as a country, so it was much more difficult for these states to gain resources. 
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