Friday, July 18, 2014

The Battle Hymn of the Tax-Collectors

According to tax historian, Charles Adams, the compromise tariffs of the 1830s and '40s represented approximately $107.5 million in total revenue; $90 million of which was paid by the South (just short of 84%). This was an extraordinary burden and when you also take into account the fact that a) the South had roughly half the population of the North and b) most of the revenue was being spent up North, it is exceeding easy to see why this was such a huge issue for the better part of 40 years (from the Tariff of Abominations of 1828 to the Black Tariff of 1846 to the Morrill Tariff of 1861) and a significant impetus for war (historian, Albert Bledsoe, quoting President Lincoln himself, "Let the South go! Where then shall we get our revenue?").

No comments: