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Hamilton Vs Jefferson

Decent Essays

Hamilton envisaged America as an industrialized powerhouse, while Jefferson imagined a pastoral setting for America’s future. These dissimilar economic orders came to characterize the North and the South. However, the Northern and Southern economies, existed largely independent of one another despite their superficial connection under the Union flag. The South made its profits from exports while the North relied on manufacturing to prosper. As a result, both regions developed individualized pecuniary interests that demanded the aid of the government to facilitate growth. Inevitably, Northern desires for protective tariffs, export taxes and internal improvements drove the South away because these policies benefited factory owners and hurt plantation …show more content…

Furthermore, both the North and the South needed labour; the North used poor white immigrants to fill factories while the South relied on slaves to farm cotton. Inevitably, these systems clashed as the Northern Republicans sought to limit the growth of Slavery to protect the jobs of their unskilled white constituents. In terms of microeconomics, Plantation owners would not benefit from having to pay waged laborers because the South required abundant and cheap slave labour to produce cotton in profitable amounts. Additionally, the cumulative value of slaves was too bloated to yield without a catastrophic loss of investments. Finally, the macroeconomic goals of the South included the expansion of slavery to the west, while the North was adamant about containing the already “shrinking south” to within its borders, forcing Slavery to extinguish as soil degraded and demand for farm labour fell. By controlling the West through free labour and the Homestead act, the North could deprive the South of critical plantations out

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