And that is absolute bullsh*t. Most domestic groups cannot pass along costs either, contrary what Tommy claims. The worker cannot get a raise merely because he uses imported goods. The wheat farmer cannot charge more for his wheat than the farmer down the road merely because he uses imported goods. The coal miner cannot charge more for his coal because he uses imported shovels. All are at the mercy of the market and take what the market is paying, imports or no imports. So the tariff will screw everyone equally. Tommy twists economic theory to support his agenda.
But the upper south didn't grow much cotton and did not secede until Lincoln launched a war and began demanding troops from them.
You have that backwards. The South launched the war, the North merely fought the war that had been forced on them.
The Morrel Tariff was going to pass either way. The election of 1860 made that a certainty.
Nonsense. It had been defeated in the Senate the year before. Democrats still held the majority in the Senate. The Morrel tariff could have been defeated again.
It's not DiLorenzo's quote. It's from an international economics textbook.
Prices rise all across the economy as a result of a protectionist tariff. Some can recoup the cost of the tariff and some cannot. Why do you think the southerners complained so bitterly about the tariff?
You have that backwards. The South launched the war, the North merely fought the war that had been forced on them.
How did the south force the north to do anything? The war could have ended and both sides could have had peace anytime the northerners decided to go home. The south wanted independence and was not threatening the north.
Nonsense. It had been defeated in the Senate the year before. Democrats still held the majority in the Senate. The Morrel tariff could have been defeated again
Says you. But they obviously thought otherwise.