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American History

 

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January 4, 1999

 

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2 / 470

 

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The South favored only tariffs that would bring revenue to their war ridden territory. The North put rise to most of these tariffs because they controlled much of the big business. The tariffs would raise the prices of foreign goods, thus the native goods' prices could be raised. These tariffs only added to the ever-growing separation of the rich and the poor...
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These tariffs only added to the ever-growing separation of the rich and the poor. Gold and silver were in the middle of this separation; each that could cause inflation and deflation. Farmers and poor whites favored inflation, which makes each dollar value worth less. This poorer nation also favored the minting of silver and greenbacks to increase the money supply...
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