Commercial Compromise

             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
             ...

More Essays:

APA     MLA     Chicago
Commercial Compromise. (1969, December 31). In MegaEssays.com. Retrieved 20:39, November 14, 2024, from https://www.megaessays.com/viewpaper/200154.html