For decades before the war, the South, through harsh tariffs, had been supplying about 85% of the countrys revenue
This came up on FR just the other day. I did some quick research and it appears to be a common bone of contention. Some folks say it's true. Some folks say it's not true. Perhaps I need better research skills, but I was not able to come up with any specific taxes or tariffs, and the years they were passed, which support the claim that the South was victimized in this way, or that the any huge percentage of federal revenue was coming from the cotton.
If anyone can give me cold, hard, specific facts which support the claim, I would be much obliged.
I would also like to know the truth of this.
You're going to be waiting a long time. lol
There was never a tariff or levy on the south in the years leading up to the war. The south opposed the tariff on foreign goods because it caused a trade war to hurt them in the cotton business. The Congress gave the south what they wanted in 1853 or so, lowering the tariff to an acceptable rate to the south.
Like Mississippi said, it was all about slavery.
Since practically the entire revenue each year of the government was derived from tariffs on imported goods, maintaining the export of US goods was absolutely vital to the operation of the country.
The total income of the Treasury for 1857 was $68,900,000. The portion of Treasury income from tariffs was $63,800,000. The Treasury spent $67,700,000 for the calendar year. The normal expenditures of the Government for operation of the government, the army and navy, interest on public debt, and pensions were $35,400,000. Therefore, discretionary treasury spending, authorized by Congress was almost double the normal operation of the government.
Congressional discretionary spending continued to soar. Financed by increasing public debt, the government increased the debt of the country by 43%, due to its inability to control spending.
The entire system was vulnerable. Money from the sale of cotton and tobacco in overseas markets bought goods that were then imported. In 1858, Tariffs from the sale of these goods produced 65% of the revenue of the entire treasury. The value of raw cotton sold to Northern mills, which was then finished and sent in trade to Europe accounted for another 5% of the value of imports. Thus, the treasury was not only totally dependent upon tariffs, but largely tariffs on goods purchased with money earned from the sale of Southern exports.
As the recession of 1857 deepened, Northeastern financiers and overseas bankers doubled the interest rate they required for purchase of the governments treasury notes. The rate rose to an unprecedented 12%. The bankers also required of a pledge of government owned land as collateral. This pledge had never been required, and demonstrated the precarious financial condition of the US Treasury.
http://www.ashevilletribune.com/archives/censored-truths/Morrill%20Tariff.html
I am not sure about the 85% deal but it is documented many places that 90%of US revenue was collected through tariffs and the South took a big hit with the tariffs and it benefited the North, twice some say.
I believe the war had to do with Lincoln being the major railroad attorney and his railroad buddies needed the north and south combined under the power of Lincoln. His death greatly damaged their plans for economic power for a few years.
Actually the South was against the tariffs pressed by Northern states on foreign goods. The South was agricultural and depended on foreign markets for their products, while the North was self sufficient in industrial and agri products.
Commerce clause prevents tariffs between states and within USA
Insistence on Free Trade, and not developing domestic industry and infrastructure, hurt the South in the Civil War
Not sure this answers your question, but here is a handy graphic showing where tariffs were collected.
I'd also point out that tariff rates at the outbreak of secession were at the lowest level in history at that point.
Well it was more like 65%. The cotton trade was a significatnt portion of the total exports of the USA. Most of it was exported on ships out of NY. So the South got stuck sending their cotton up to NY and than paying fees, commissions etc to the tune of about 40 cents on the dollar to ship it to Europe. The Cotton Tariff stipulated that all exports had to be shipped out of the country on American built ships. Well the ship building business was located in New England and most of the ships were up North.
Since the South did not have the capability of producing ships they not able to ship significant exports out of Charleston and Savannah.
All of this information is in the public domain. You can Google it in 5 minutes.