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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (88721)	6/10/2012 9:19:19 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 89467

and those revenues went up for the north because of the tariff of 1828. Hmm.. not to belabor the point, but I do find it to be interesting history.. The link that I provided clearly indicated that Ad Valorum revenue only dropped for 1862, then returned to pre-Ft. Sumter levels the next year. So this suggests that your claim that the South was providing the majority of (tariff) revenue to the Federal Gov't doesn't seem to jibe with that data. That revenue stayed essentially the same, or even grew, after the South seceded. But for the purpose of our discussion , we should focus on the short term discrepancy between 1860 and 1861. Ad Valorum revenue dropped from $56 million in 1860 to $41.5 million in 1861, a drop of $14.5 million. While that's not insignificant, it hardly represents the South being the primary source of Federal Revenue. And in 1862 that revenue increased back to $52 Million, as shipping moved to Northern ports. usgovernmentrevenue.com In sum, while Cotton, and other Southern commodities, were an important trading commodity in terms of tariff revenue, it did not represent the majority of Federal budget.. and the loss of the southern revenue, was hardly felt a year later. What was felt was the budget deficit as the Civil War grew in intensity. Now also, take that link back to the year 1827, and you'll see that the Fed Gov't collected $23 million in Ad Valorum revenues, based upon $907 million in GDP. But by 1860, that GDP number had more than quadrupled to $4, 300 million, but Ad Valorum revenues only went up to $56 million. This suggests that the US government was taking LESS, NOT MORE, of total national GDP (including Southern GDP growth).. But I certainly understand your perspective, as that was one of the purported "grudges" between the Southern States and the Federal Gov't. They wanted that Tariff revenue for themselves because their agricultural economy was not able to keep pace with the industrial economic growth in the North. In sum, it's clear that Ad Valorum revenue from the South, while significant, DID NOT represent the majority of Federal revenues. Hawk