quote:

ORIGINAL: tamaka

Here is some food for thought in these troubling times. All of this is fact, and is public record.

The Civil War almost happened in 1832. Prior to the Revenue Act of 1861, there was no federal income tax in the US. Prior to that, 90% of federal revenue was derived from import tariffs. These tariffs varied by goods but averaged 15 to 20%. In turn, the European countries that were importing US goods charged a similar tariff rate.

Nation to nation this may seem like an equitable arrangement, but domestically it was very unbalanced. The bulk of industrial goods, produced in the north, were being consumed within the US. On the other hand, 80% of the agricultural goods produced in the south were being exported. In short, the tariff was forcing the south to charge higher prices for the goods that it sold, while at the same time forcing them to pay more for the industrial goods that they had to purchase.

In the early to mid 1800’s, the south only comprised about 30% of the US population, but it was paying about 80% of the revenue that the federal government was collecting.

Things came to a head in 1832, the fed had enacted two new tariffs and had effectively raised the tariff rate to almost 50%. South Carolina responded with a state convention and articles of nullification. This nearly led to secession and armed conflict. This is know as the “Nullification Crisis”. Fortunately, a compromise was reached in 1833 and the tariff rate was reduced to an average of 20%.

In the late 1850’s, the US was experiencing a recession. The recession had the most effect on the industrial north. Using the recession as an excuse, in May of 1860, the federal government passed the Morrill Tariff. This effectively raised the tariff rate to 50%. This was a highly partisan act. Only one southern congressman, out of 50, voted in favor of the tariff.

South Carolina responded in December by seceding from the union. They were quickly followed, in January of 1861, by five more southern states. By June of 1861, the eleven primary southern states had all seceded from the union.

This was major concern to the northern controlled union government. They new how much they relied upon the south for federal revenue. Conversely, the general populace in the north had an attitude of “let them go”. They didn’t see the significance of the departure of the southern states and also most people recognized that the union was designed for mutual benefit and also recognized that each state had a right to secede.

Www.overpassesforamerica.com › ?p=54695

If you want a heads up that will put you light years ahead of these other bone heads out here, bonds issued to nations at least up until now, now that we found out about it were issued and come due after a 70 year term. All one need do is count forward to approx issued 1780ish-90ish, come due 1850-60ish, balance refinanced comes due 1920-30ish, balance refinanced comes due 1990-2000ish, funny how that works out. Not too tough to match it up with the events

They went from unfait taxation from the king to the new king, the north. The south was making money and the north was going belly up and needed a land grab. Somewhat surpized to see anyone post about this on this board, bravo!

quote:

ORIGINAL: Lucylastic

I see what you did there

quote:

ORIGINAL: WhoreMods

The other whiney little bitch with a chip on his shoulder about feminists (naming no names for TOS reasons but we both know who I mean) might piss his pants in terror and flee the site again.

quote:

ORIGINAL: Lucylastic

Ive missed much lately, not the news, but the posts that forced the mods to go into action. I dunno what or why.
but it certainly seems to have been a useless endeavour.

quote:

ORIGINAL: tamaka

Here is some food for thought in these troubling times. All of this is fact, and is public record.

The Civil War almost happened in 1832. Prior to the Revenue Act of 1861, there was no federal income tax in the US. Prior to that, 90% of federal revenue was derived from import tariffs. These tariffs varied by goods but averaged 15 to 20%. In turn, the European countries that were importing US goods charged a similar tariff rate.

Nation to nation this may seem like an equitable arrangement, but domestically it was very unbalanced. The bulk of industrial goods, produced in the north, were being consumed within the US. On the other hand, 80% of the agricultural goods produced in the south were being exported. In short, the tariff was forcing the south to charge higher prices for the goods that it sold, while at the same time forcing them to pay more for the industrial goods that they had to purchase.

In the early to mid 1800’s, the south only comprised about 30% of the US population, but it was paying about 80% of the revenue that the federal government was collecting.

Things came to a head in 1832, the fed had enacted two new tariffs and had effectively raised the tariff rate to almost 50%. South Carolina responded with a state convention and articles of nullification. This nearly led to secession and armed conflict. This is know as the “Nullification Crisis”. Fortunately, a compromise was reached in 1833 and the tariff rate was reduced to an average of 20%.

In the late 1850’s, the US was experiencing a recession. The recession had the most effect on the industrial north. Using the recession as an excuse, in May of 1860, the federal government passed the Morrill Tariff. This effectively raised the tariff rate to 50%. This was a highly partisan act. Only one southern congressman, out of 50, voted in favor of the tariff.

South Carolina responded in December by seceding from the union. They were quickly followed, in January of 1861, by five more southern states. By June of 1861, the eleven primary southern states had all seceded from the union.

This was major concern to the northern controlled union government. They new how much they relied upon the south for federal revenue. Conversely, the general populace in the north had an attitude of “let them go”. They didn’t see the significance of the departure of the southern states and also most people recognized that the union was designed for mutual benefit and also recognized that each state had a right to secede.

Www.overpassesforamerica.com › ?p=54695