Southern Response to Economic Disparities

USS ALASKA

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Taken from post - https://civilwartalk.com/threads/economic-aspects-of-southern-sectionalism-1840-1861-russel.153645/ ...
The list of 'complaints' appears to be a listing of observations of the results of her historical investment choices.
It does look like some of the complaints about the economic disparity were justified, enough so that they met to address the problem over multiple years. I wonder why more did not ultimately come of those meetings?
But, aren't these "complaints" about northern economic dominance more the result of a lack of enterprise on the part of southerners? They lament that the people of the North were doing what they, themselves, apparently made little effort to do; and wound up idealizing their own agrarian lack of resourcefulness, while demonizing the "grasping, greedy" Yankees for filling the niches they neglected -- but sure enjoyed complaining about.


The list from one of @jgoodguy 's posts...

The complaints about the North were:
  1. South was in ""state of commercial dependence,"
  2. The exporting South should also receive its imports.
  3. The South exported 2/3 of exports but received only 1/10 of the import.
  4. Francis Mallory estimated that 9/10 if the exports went to Europe while 7/10 of imports came indirectly by way of Northern Seaports. (I am not sure if this is total consumable imports or alleged imports to the South implying the North consumed only 2/10s of imports.- 1/10 to the South 7/10s to the North is a total of only 8/10s.
  5. Imports in Charleston decreased very much. Millions to 1/2 million dollars 1807-1833
  6. Agents of Northern and English Firms exported Southern goods instead of Southern agents.
  7. Southern seaports were dominated by Northern agents and factors sucking the wealth to the North.
  8. Northern banks financed direct sales and purchases by Northerners on Northern Steamboats
  9. Southern merchants in the interior away from the river purchase their stocks in the North.

...we have the South identifying some problems. The first step - recognize the issue. Next step... What did the South do to rectify this imbalance? She could have built her own ships, did her own shipping, hired her own import / export agents, started her own banks, created her own distribution centers.

OK - some of these are kinda out of the realm of what the South could afford due to liquidity. Maybe she can't afford the infrastructure to build her own deep-sea vessels but she could buy them. Create her own shipping companies with associated agents. If needed, her own triangle trade - cotton directly to Britain, British exports back to NYC / Boston / Philly / Balto, Southern requirements back to say, Charleston. Would British investors been interested in starting banks in the South? Was there any attempt to resolve any of the above line items?

Thanks,
USS ALASKA
 
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