|Tariff 1824, John Randolph Of Roanoke|
Tariffs during the era usually protected the Northern factories against competition from imports. Finished cotton goods made in New England, for example, benefitted from high tariff walls against imports of British finished goods. In contrast, a hypothetical raw cotton tariff could not benefit Southern cotton farmers because they were already the World’s low cost producers. In other words, a raw cotton tariff could not have blocked any imports since the imports were already negligible because of the South’s intrinsic cost advantage.
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