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Step 1I'll solve this problem by analyzing King Cotton diplomacy and explaining its failure during the American Civil War.
Step 2: Understanding King Cotton Diplomacy
King Cotton diplomacy was a strategic approach by Southern Confederate states during the Civil War, based on the belief that European powers, particularly Britain and France, would support the Confederacy due to their economic dependence on Southern cotton.
Final Answer
The Confederacy overestimated cotton's diplomatic leverage and underestimated European nations' ability to adapt economically and morally.
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