A Disease in the Public Mind
“The Industrial Revolution in Britain and parts of the United States—notably New England—was beginning to transform the world. To protect the new factories, Congress began passing tariff bills that shielded America’s manufacturers from competitive British products.
At first many southerners supported the tariff; they expected to industrialize too. South Carolina was especially optimistic. They had water power, and their plantations were producing cotton by the ton. But few southerners had the te...chnical background to run a mill, and imported Yankees proved poor managers of slave labor. The cotton growers decided they could make more money by expanding their plantations. Many of the most ambitious planters headed west to bigger farms and richer soil in Alabama and Mississippi. South Carolina slid into a slow but unmistakable economic stagnation.
In 1819, the stock market had crashed and a recession stifled the American economy everywhere. By the mid-1820s, South Carolina was looking at the tariff as a burden rather than a benefit.MoreLess
At first many southerners supported the tariff; they expected to industrialize too. South Carolina was especially optimistic. They had water power, and their plantations were producing cotton by the ton. But few southerners had the te...chnical background to run a mill, and imported Yankees proved poor managers of slave labor. The cotton growers decided they could make more money by expanding their plantations. Many of the most ambitious planters headed west to bigger farms and richer soil in Alabama and Mississippi. South Carolina slid into a slow but unmistakable economic stagnation.
In 1819, the stock market had crashed and a recession stifled the American economy everywhere. By the mid-1820s, South Carolina was looking at the tariff as a burden rather than a benefit.MoreLess
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