Posted on 01/13/2004 9:01:35 AM PST by Aurelius
Dust jackets for most books about the American Civil War depict generals, politicians, battle scenes, cavalry charges, cannons[sic] firing, photographs or fields of dead soldiers, or perhaps a battle between ironclads. In contrast our book {[url=http://search.barnesandnoble.com/booksearch/isbnInquiry.asp?userid=2XGHOEK4JT&isbn=0842029613&itm=7]Tariffs, Blockades, and Inflation: The Economics of the Civil War Mark Thornton, Steven E. Woodworth (Editor), Robert B. Ekelund[/url]features a painting by Edgar Degas entitled the "Cotton Exchange" which depicts several calm businessmen and clerks, some of them Degas’s relatives, going about the business of buying and selling cotton at the New Orleans Cotton Exchange. The focus of this book is thus on the economic rationality of seemingly senseless events of the Civil War – a critical period in American history.
What caused the war? Why did the Union defeat the Confederacy? What were the consequences of the War? The premise of the book is that historians have a comparative advantage in describing such events, but economists have the tools to help explain these events.
We use traditional economic analysis, some of it of the Austrian and Public Choice variety, to address these principal questions and our conclusions generally run counter to the interpretations of historians. In contrast to historians who emphasize the land war and military strategy, we show that the most important battle took place at sea. One side, the blockade runners, did not wear uniforms or fire weapons at their opponents. The other side, the blockading fleet, was composed of sailors who had weapons and guns but they rarely fired their cannons in hopes of damaging their opponents. Their pay was based on the valued of captured ships. Historians often have argued that the Confederacy lost because it was overly reluctant to use government power and economic controls, but we show the exact opposite. Big Confederate government brought the Confederacy to its knees.
Some now teach that slavery was the sole cause of the Civil War – an explanation that historians have developed in the twentieth century. However, this analysis does not explain why the war started in 1861 (rather than 1851 or 1841) and it fails to explain why slavery was abolished elsewhere without such horrendous carnage.
We emphasize economics and politics as major factors leading to war. The Republicans who came to power in 1860 supported a mercantilist economic agenda of protectionism, inflation, public works, and big government. High tariffs would have been a boon to manufacturing and mining in the north, but would have been paid largely by those in the export-oriented agriculture economy.
Southern economic interests understood the effects of these policies and decided to leave the union. The war was clearly related to slavery, but mainly in the sense that Republican tariffs would have squeezed the profitability out of the slave-based cotton plantation economy to the benefit of Northern industry (especially Yankee textiles and iron manufacturing). Southerners would also have lost out in terms of public works projects, government land giveaways, and inflation.
The real truth about wars is that they are not started over principle, but over power. Wars however, are not won by power on the battlefield, but by the workings and incentives of men who go to work in fields and factories, to those who transport, store and sell consumer goods, and most especially to the entrepreneurs and middlemen who make markets work and adapt to change. This emphasis and this economic account of tariffs, blockade and inflation, like the focus of Degas’s "Cotton Exchange" reveals the most important and least understood aspect of war.
All well and good, but I think the real question here is "Did Stonewall Jackson own slaves?" (fleeing as fast as my feet will carry me....)
No, the question is whether Thomas Jackson's slaves were financially impacted by the Morril Tariff.
It wasn't abolished everywhere at that time, of course, and sometimes when it was (e.g., Haiti) there was violence involved. Robert Fogel, in Without Consent or Contract, contends that had the Confederacy survived slavery would've persisted for decades not just there but in Brazil and the other places it still existed in 1865 as well.
They went to great lengths to say that Andrew Johnson hated the rich plantation owners, but did not explain why his version of Reconstruction heavily benefited the rich southern whites. They didn't really explain the differences in the parties that led Lincoln (Republican) to free the slaves, and Johnson (Democrat) to try to disenfranchise the freed slaves. Also glossed over various unconstitutional aspects. I believe one condition of re-admittance to the Union was ratification of the 14th Amendment. Well, that's ONE way to get three-fourths of the states to ratify an amendment!
Reconstruction is a difficult topic and no one comes out smelling great, but PBS pretty much presented it as "Blacks=victims, Whites=evil". Big surprise.
Good point.
Yeah, it was proposed by Seymore Morril, Whig from Montana. It was voted down in 1860 in favor of the Morrill Tariff.
free dixie,sw
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.