How did the blockade of savannah impact the confederacy

The blockade had a negative impact on the economies of other countries. Textile manufacturing areas in Britain and France that depended on Southern cotton entered periods of high unemployment, while French producers of wine, brandy and silk also suffered when their markets in the Confederacy were cut off. Although Confederate leaders were confident that Southern economic power would compel European powers to intervene in the Civil War on behalf of the Confederacy, Britain and France remained neutral despite their economic problems, and later in the war developed new sources of cotton in Egypt and India.