On all of this, see Ramundo Luraghi (spelling?) The Rise and Fall
of the Old South.  In the midst of discussing something else, he
notes that all industrializing states rely on capital gleaned by one
means or another from the agricultural sector of the nation.  Of
course, the state now partially captured by the Party of
Industrialization, expected the agricultural regions to finance the
bureaucracy.
  Looking at trade figures for 1880, the US would have had a $50
million negative balance of trade, save for the $50 million in tobacco
and $200 million in cotton exported that year;  leading to a $200
million trade surplus.

Date sent:              Mon, 24 Feb 2003 01:12:41 -0800
From:                   Maitland Westbrook <[log in to unmask]>
Subject:                Re: Gods and Generals
To:                     [log in to unmask]
Send reply to:          Discussion of research and writing about Virginia history
        <[log in to unmask]>

> During a visit of a Confederate delegation to Lincoln after secession and
> before Fort Sumter, they asked Lincoln why he just wouldn't let them (ie,
> the South) leave.
>
> His reply:  "Where would our revenus come from?"
>
> Over 80% of all traiffs (export and export) were paid by the southern
> farmer/planter, while northern factories were protected by laws.
>
>
> M. Westbrook, III
>
> --- [log in to unmask] wrote:
> > Then why did New England want to leave the Union in 1812....not over
> > slavery. I'm not saying the slavery was not part of the equation I think
> > there other issues like taxes..trade tariffs, and this issue of slavery.
> > The North was becoming economically stronger than the South...industry
> > and the growth on a "free Labor" ( which in some cases was worse than
> > the situation slaves found themselves in) meant the North would be the
> > power....the North would then dictated the prices of capital goods which
> > the South needed..dictated interest rates on loans...etc.. Frankly I
> > think if the war had never come the South would moved away from slavery
> > has a labor source as it becomes too expensive to maintain.
> >
> > WC Buser
> >
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>
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Harold S. Forsythe
Assistant Professor History
Director:  Black Studies
Fairfield University
Fairfield, CT 06430-5195
(203) 254-4000  x2379

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