Commercial Compromise essays

Commercial Compromise essays Dependent on British goods for the survival of their agricultural economy, the Southern States strongly opposed any attempts by Congress to tax foreign and interstate imports. This was seen as a direct affront to the South as well as to states' rights in general. Those who believed in a strong, powerful federal government favored import duties because the money raised bolstered the national economy. As the United States was still a new nation, federal monies were needed to fund infrastructures. However, the American economy was still regional in the decades immediately following the War of Independence. The North became increasingly industrial in nature and was largely self-sufficient. Northern states did not rely on foreign imports as much as the southern states did at the time. However, the south had been practicing a plantation economy for centuries and to suddenly impose a tax would burden many southern plantation owners and business men and severely cut into profits. The south felt that this would place them at an economic disadvantage and that the north would be heavily favored in the federal government. Therefore, the issue of taxation became one of the most I support the views of the north for several reasons and propose an interesting solution to this issue. First, I believe that as a new nation, all states and all citizens must make an effort to join forces and one of the ways of achieving this unity is through economic interdependence. The federal government needs to raise money from some kind of taxes; without a national pool of money there would be little need for a national government. One of the most convenient and reasonable ways to raise federal funds is through import tariffs. Moreover, import tariffs encourage domestic production of goods. Except for those goods that absolutely cannot be produced a t home, most of our nation's supply should come f ...