Analyze The Nullification Controversy Between 1820 And 1860
. The nullification controversy of 1832 was a major milestone in the national debate over federal versus state authority. Coming at a time when agitation over slavery and other issues that tended to divide the country along sectional lines was growing, the nullification controversy brought the states’ rights debate into sharp focus.
The root of the problem of protective tariffs is that they are almost by definition designed to assist certain segments of the economy. In the era in question, the country was distinctly divided along economic lines. Because a large percentage of Southern capital was put into land, cotton, and slaves, less capital was available for industrial for manufacturing enterprises, since in that volatile period in history they such investments were far riskier than cotton, the prime resource of the booming textile industry. Economists have determined that a reasonable expectation for return on investments in cotton was 10% per annum, an excellent return at any …show more content…
But then the tariff did pass after all. Vice President John C. Calhoun of South Carolina anonymously wrote an “Exposition and Protest” of the Tariff of 1828, which became known as the “Tariff of Abominations.” When a tariff bill passed again in 1832, because it was still too high to suit the needs of Southern agricultural interests, the State of South Carolina decided to nullify the tariff. They took their action very deliberately, calling a special convention and passing an “Ordinance of Nullification” that claimed not only that the tariff was not enforceable in South Carolina, but that any attempt to enforce it by state or federal officials would not be permitted within South
The root of the problem of protective tariffs is that they are almost by definition designed to assist certain segments of the economy. In the era in question, the country was distinctly divided along economic lines. Because a large percentage of Southern capital was put into land, cotton, and slaves, less capital was available for industrial for manufacturing enterprises, since in that volatile period in history they such investments were far riskier than cotton, the prime resource of the booming textile industry. Economists have determined that a reasonable expectation for return on investments in cotton was 10% per annum, an excellent return at any …show more content…
But then the tariff did pass after all. Vice President John C. Calhoun of South Carolina anonymously wrote an “Exposition and Protest” of the Tariff of 1828, which became known as the “Tariff of Abominations.” When a tariff bill passed again in 1832, because it was still too high to suit the needs of Southern agricultural interests, the State of South Carolina decided to nullify the tariff. They took their action very deliberately, calling a special convention and passing an “Ordinance of Nullification” that claimed not only that the tariff was not enforceable in South Carolina, but that any attempt to enforce it by state or federal officials would not be permitted within South