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<blockquote data-quote="HOSS" data-source="post: 1034937" data-attributes="member: 1863"><p>CB, in 1861 the Morrill Tariff Act was passed which heavily taxed good imported from Europe. That really benefited the industrial north but even further harmed the agricultural south who exported allot of cotton to Europe and imported much of their durable goods from England at a cheaper price than the north could produce them. The Morrill Tariff was put into place to punish the south for importing. The tax burden would have been near 95% if secession hadn't taken place just a few weeks after.</p></blockquote><p></p>
[QUOTE="HOSS, post: 1034937, member: 1863"] CB, in 1861 the Morrill Tariff Act was passed which heavily taxed good imported from Europe. That really benefited the industrial north but even further harmed the agricultural south who exported allot of cotton to Europe and imported much of their durable goods from England at a cheaper price than the north could produce them. The Morrill Tariff was put into place to punish the south for importing. The tax burden would have been near 95% if secession hadn't taken place just a few weeks after. [/QUOTE]
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