During the past thirty years most historians claim that slavery was the dominant cause of the Civil War. They increasingly insist that the South’s opposition to protective tariffs was a minimal factor, even though such tariffs were specifically outlawed in the Confederate constitution. Historian Marc-William Palen, for example, writes:
One of the most egregious of the so-called Lost Cause narratives suggests that it was not slavery, but a protective tariff that sparked the Civil War.
On 2 March 1861, the Morrill Tariff was signed into law by outgoing Democratic President James Buchanan. . . A pernicious lie quickly formed around the tariff’s passage, a lie suggesting that somehow this tariff had caused the US Civil War. By ignoring slavery’s central role in precipitating secession and Civil War, this tariff myth has survived in the United States for more than a century and a half – and needs to be debunked once and for all.
To begin, Palen fails to note that antebellum tariffs accounted for about ninety percent of federal revenues, even though most of his comrades readily conceded the point. Thus, tariff policy was as important to antebellum Americans as federal tax policy is to us today.
Beyond that, Palen falls into three traps that often entangle his fellow woke historians.
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The other thing that the historians of the north forget or simply don't know is the financial depression that occurred in the 1830's and didn't conclude until after the financial panic in 1857. The manufacturing north wanted no taxes based on manufacturing and wanted all taxes on the agricultural south. Wars always begin at the end of or near the end of financial disasters. South Sea bubble 1720-1785 is another that ended in our founding. Information financial charts are courtesy of Elliott Wave International.
ReplyDeleteGood points. Charts?
DeleteThe charts are in the book "Elliott Wave Principal" by Frost and Prechter. I have always appreciated information on cycle theories such as Elliott Wave, Kondratieff wave, and the Fourth Turning. It seems there is nothing new under the sun...we recycle our behavior through the generations.
ReplyDeleteThanks.
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