The Slave Revolt

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Not only was there a slave revolt going on at this time but also a conflict between the Northern and Southern states. The conflict first began when both the North and South wanted to know which model of development would bring prosperity to the United States’ economy, commercial agriculture (cash crops) or industrialization (manufactured goods)? Put into simpler terms, the debate was about which of the two factors, (agriculture or industry), would generate the most wealth. Alexander Hamilton developed a plan called the English Industrial Model, in which contained three pillars, one being the National Bank. It stated that the National Bank was to provide internal and foreign credit, in order to absorb the foreign debt of $70 million. It also stated that it would impose tariffs and taxes on finance industries and infrastructure.…show more content…
Lastly, the third pillar, internal improvements, was issued to have personal improvements on railroads, canals, and bridges. In addition to the protective tariffs, as previously said, the first industrial revolution required protective tariffs. When it was first issued out in the year 1816, congress passed tariffs on a low-cost on imported cotton-cloth. By the year 1824, tariffs has increased by 35% on iron products, along with wool and cotton textiles and agricultural
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