Lincoln and the American System of Economics

nicholls

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Lincoln was influenced by the American School of Economics for his support for public infrastructure and a Central Bank that issued interest free money.

However, a libertarian took issue with it and had strong criticisms about Alexander Hamilton.

"You are describing a system that was contrived after the fact to give legitimacy to Hamilton and the Federalists, who did a great deal to centralize power, prop up a privileged elite, exploit the agrarian South and West to benefit banking and industrial interests, and ultimately precipitate secession and civil war.
The Federalists did a lot of damage through the Constitution and early legislation, but were so thoroughly repudiated that the Federalist Party folded into oblivion.
The Daily Kos article's contention that they supported "fair trade" is pure left-wing fantasy. There was nothing fair about their policies, which benefited the wealthy and politically prominent at the expense of the ordinary public."

Is it true that the North exploited the agrarian South and West to benefit banking and industrial interests and ultimately precipitate secession and Civil War?

I would love informed responses who know more about this subject.
 

jgoodguy

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Lincoln was influenced by the American School of Economics for his support for public infrastructure and a Central Bank that issued interest free money.

However, a libertarian took issue with it and had strong criticisms about Alexander Hamilton.

"You are describing a system that was contrived after the fact to give legitimacy to Hamilton and the Federalists, who did a great deal to centralize power, prop up a privileged elite, exploit the agrarian South and West to benefit banking and industrial interests, and ultimately precipitate secession and civil war.
The Federalists did a lot of damage through the Constitution and early legislation, but were so thoroughly repudiated that the Federalist Party folded into oblivion.
The Daily Kos article's contention that they supported "fair trade" is pure left-wing fantasy. There was nothing fair about their policies, which benefited the wealthy and politically prominent at the expense of the ordinary public."

Is it true that the North exploited the agrarian South and West to benefit banking and industrial interests and ultimately precipitate secession and Civil War?

I would love informed responses who know more about this subject.
Sounds too out of time band to be worthy of serious consideration.
 

nicholls

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What do you mean by too out of time band to be worthy of serious discussion? It relates to the civil war.
 

jgoodguy

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What do you mean by too out of time band to be worthy of serious discussion? It relates to the civil war.
Before I put work into discussion, please have Lincoln quotes and Historian quotes to work with. All I see is random stuff thrown on a wall to see if someone reacts.
 

Joshism

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The South has somehow always been the toughest guy on the block yet also the perpetual victim of insidious Northerners.
 

jgoodguy

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The South has somehow always been the toughest guy on the block yet also the perpetual victim of insidious Northerners.
The Richest section of the country exploited into poverty by nameless Northerners.
 
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