The Economics That Split America | The U.S. Civil War Pt. 1

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  • Опубліковано 14 тра 2024
  • Check Out Pt 2: The Rivalry That United America: • The Economics That Sav...
    The Civil War was a watershed moment in American history, and its economic impact was profound. In this episode, we explore the rivalry between Salmon Chase and Abraham Lincoln, two of the most important statesmen of the era. We'll see how they ultimately worked together to save the Union.
    We'll also discuss the economics of slavery, the economic circumstances that prompted the Civil War, and the financial ingenuity of Salmon Chase. We'll see how Lincoln financed the war, how the war affected the economy, and how the economics of emancipation helped to win the war.
    This episode is a must-watch for anyone interested in the Civil War, economics, or American history. So sit back, relax, and learn how economics saved America!
    In this episode, we'll set the scene for slavery by discussing how the economic system of the South was based on the exploitation of slaves. We'll also explain the economic circumstances that prompted the Civil War, including the growing sectional divide over slavery and the economic impact of the Industrial Revolution.
    We'll then discuss the financial ingenuity of Salmon Chase, who was responsible for financing the Union war effort. Chase was a brilliant economist, and he devised a number of innovative financial schemes that helped to keep the Union afloat.
    Finally, we'll look at the 1864 election, where Salmon Chase was running against Lincoln. Chase was a strong supporter of emancipation, and he believed that the war could not be won without freeing the slaves. However, Lincoln was able to win the election, and he went on to lead the Union to victory.
    This episode is a fascinating look at the economics of the Civil War, and it shows how economics played a critical role in the outcome of the war. So sit back, relax, and learn how economics saved America!
    I hope this helps!
    ----
    Welcome to #EpicEconomics, your UA-cam portal into the captivating realm of economics, finance, and economic history, brought to you by the team at Economics Explained. Here, we combine education with entertainment, breaking down complex systems, unfolding the pages of economic history, and unmasking the scandals that rocked the finance world.
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    Remember to like, share, and subscribe to join our journey into the riveting world of economics and finance!
    Timecodes
    0:00 Intro
    1:01 Part 1: CAN YOU SEE WHATS COMING
    2:11 ECONOMICS OF SLAVERY
    3:08 CONSTITUTIONALITY OF SLAVERY
    5:43 PART II: THE GREAT COMPROMISE
    4:14 The Paris Peace Conference
    6:34 The Fugitive Slave Act
    9:45 Chase Creates The Republican Party
    10:33 PART III: What Will Lincoln Do?
    12:30 The South's Economy
    5:23 Part I: The Need To Desire
    6:38 Fear Of Overproduction
    10:50 Part II: Let's Go Shopping
    11:18 The Tricks That Saved US Cars
    13:26 The American Breakfast is a Lie
    15:30 Clothes Clothes Clothes
    17:04 The Green Ball
    21:00 A Rather Abrupt Ending
    23:32 Next Time On Epic Economics

КОМЕНТАРІ • 187

  • @barbiquearea
    @barbiquearea 9 місяців тому +44

    The reason European powers didn't intervene on the South's behalf was because there were other countries who could make up the void for cotton imports. Egypt was the 2nd largest producer of cotton in the world after the American South. The war was fantastic for them, and business was booming at the time.

    • @avenaoat
      @avenaoat 9 місяців тому +8

      1. Not only Egypt was possibility for coton export.The British Consulates in the Turkish port cities began to give free of charge cotton seeds to the agricultural producers from 1858-1857! Not from 1861! (BTW the Turkish Empire was the biggest cotton exporter in the World in the XVIIIth Century.) I think the British Government had information about the American politics from the bleeding Kansas affair to forcast a cotton shortage future. The revolt in India was over in 1858 so India was ready to produce more coton. The German invent from the XVIIIth Century the sugar industry from the sugar beet changed the sugar market. Napoleon brought the sugar beet industry to France in 1801 so France became the bigest sugar producer from sugar beet in the World about 1830! I think the biggest knock out was on the slavery system the free peasant/farmer producered sugar beet industry in the XIXth Century. So the sugarcane plantation could change to coton in Brasil after 1861.
      2. The wool and flax industries were behind the coton textile industry in the industrial revolution so the short time coton shortage helped these industrial branches to follow the coton industry.
      3. The good railroad/ steam ship systems helped the USA Midwest to export more weat and corn into for example to the (newer) coton producer countries. The shift from food plants to coton plant did not couse any food shortage in the World economy.
      4. The success of Mrs. Harriet Beecher Stowe's novel "Uncle Tom's Cabin" in UK and France decided on that the simple citizens did not want to help a slave holding society. It may be the British government or III. Napoleon thought about assisting the Confederacy, but both governments did not want againt the people of the two countries. For example Queen Victoria was prounionist, perhaps she read Mrs. Harriet's novel?

    • @michaelodonnell824
      @michaelodonnell824 9 місяців тому +6

      You have somehow forgotten that Cotton originated in India and that the vast majority of Britain's cotton came from there.
      In 1857-1861, the Indian Mutiny was ongoing, limiting the amount of cotton England could get from there, further, in their minds, strengthening the Southern strategy (note that the Southerners KNEW the English didn't care that every ounce of Southern cotton was drenched in the blood of Slaves)...

    • @avenaoat
      @avenaoat 9 місяців тому +3

      ​@@tajenoorkhan7217 If Lincoln had not proclaimed the previouse emancipation after the Battle of Antietam France and UK would have sent embasies to Richmond!
      1. The biggest role was to remain neutral UK and France Mrs. Harriet Beecher Stowe's novel "Ubcle Tom's Cabin"! Simple people in UK and France did not assist any military help to the Confederacy after Lincoln's proclamacion in 1862!
      2. Yes the Confederacy did not think the new cotton producers stepped to the Market so quickly! Cotton shortage was short time.
      3. Charles Francis Adams the USA's Ambassador in London was succesfull in the British elite and at the Government!
      4. The Russin had problem with the Polish independency War in 1863 so the help for North was not too big.

    • @barbiquearea
      @barbiquearea 9 місяців тому

      @@avenaoat Charles Francis Adams was President John Quincy Adam's son. He was an excellent ambassador and unsung hero of the Civil War.

    • @SandfordSmythe
      @SandfordSmythe 9 місяців тому

      Lincoln had issued a warning to France and England that any interference would be considered a "cause for war".

  • @yessumify
    @yessumify 4 місяці тому +2

    Lincoln was putting "keep your friends close and your enemies closer" cliche to work. Well played

  • @marypaquette8705
    @marypaquette8705 9 місяців тому +6

    Thank you for mentioning, my dear friend Salmon P Chase, My Dad had a SP Chase $ 10,000 bill, which I have now, thanks Dad I miss you.😢

  • @tom4ivo
    @tom4ivo 9 місяців тому +11

    It should be noted that the growth of cotton in the South was largely due to Eli Whitney's cotton gin patented in 1793. It revolutionized the profitability of cotton by eliminating the manually intensive process of removing seeds from fiber, allowing it to replace tobacco as the number one cash crop. Cotton cultivation soared, requiring more workers for the expanding fields of cotton. Whitney had introduced the cotton gin with the idea that by removing the need for slaves to do the most labor intensive step that it would lead to a decline of slavery. Instead, it did the opposite, and ironically, the South considered Whitney a hero for saving slavery by making the cultivation of cotton much more profitable than tobacco had been.

    • @STho205
      @STho205 9 місяців тому +3

      A bit of subjective retcon guilding a lilly with Whitney's intent...but I don't blame you as I too saw that in 5th grade history books, not ironically published in Boston.
      Whitney was a gun factory millwright/engineer/machinist in the War of 1812 years that wanted to expand into agricultural and other millwork after the US cut all the musket contracts on 1815.
      The tool was to make short boll cotton viable, where long fiber cotton has not been. Short boll can be grown with more tonnage per acre than long boll....which is why the productivity this presenter mentions happened. It was two very different crops.
      This was to supply the new textile mills in the NE and Ohio which Whitney was supplying with machinery parents too. So the result is Northern mills as well as European need cotton. Northern banks loaned money or invested in the new large plantations West of the Appalachians to grow the textile crop. Northern shipping companies freighted the cotton to New York and to Europe. Northern investors then took the lions share of the profits. Eventually this added to the southern affrontery as Northern politicians, enriched by the slave worked or supplied industry, pretended they had nothing to do with it.

    • @paulmentzer7658
      @paulmentzer7658 9 місяців тому +1

      The cotton seeds had only been a problem for "Highland" cotton not "low land" Cotton. With "low land" cotton, the seeds would almost fall out by themselves, but with "High Land" cotton, each seed had to be handpicked out of the Cotton ball. Thus cotton was known before the 1790s, but mostly "low land" cotton, with some "high land" cotton to supplement the "low land" cotton.
      The difference is you need almost a field that is also a swamp to grow "low land" cotton, "high land" cotton can be grown on what mot people will call a "normal" field (as long as you have a long enough growing season and that is generally, more by accident then intent, land south of the Virginia-North Carolina and Kentucky-Tennessee borders. That border was known by 1820 and the reason that latitude was made the line the states north of that line would enter the Union as Free States, while States south of that line would enter the union as slave states (with the exception of Missouri, which was north of that line but entered the Union as a slave state).
      Just a comment why the Cotton Gin was so important, it made "high land" cotton profitable and since "high land" cotton can grow on a lot more places then "low land" cotton, farming "high land" cotton boomed after 1794.
      Please note the main material cotton replaced after 1794 was linen. Linen comes from the Flax plant. Converting Flax into linen is difficult, but easier then removing "High land" cotton seeds by hand. On the other, the Cotton Gin made removing those seeds a lot easier then the work needed to convert flax to linen (and cotton plants were NOT as bad removing nutrients in the soil, so you could plant cotton in the same field year after year, something you could NOT do with flax, flax was known to wreck soils so you had to plant the flax in a new field almost every year, or plow in a lot of organic material into the soil you plan to plant flax in).
      Flax can grow as far north as Canada and thus was and is popular in North America, Europe and Asia that is to far north for Cotton.

  • @Kabilibobers
    @Kabilibobers 9 місяців тому +27

    At 10:55, the video used the wrong flag for Georgia. The flag for the Country of Georgia was used not the U.S. state flag.

    • @bathbomber
      @bathbomber 9 місяців тому +6

      I spotted that too. Came here to find this comment

    • @omarrp14
      @omarrp14 9 місяців тому +3

      I feel like it was supposed to be a joke, but then they put the wrong flag for the US and the confederacy too. I guess mistakes like this are bound to happen when those dern europeein’s and pacific Brits make a vid about the US

    • @m9078jk3
      @m9078jk3 9 місяців тому +2

      Wrong flag for Alabama too

  • @Dbroach88
    @Dbroach88 9 місяців тому +19

    Thank you, really enjoyed! One note: the Georgia flag you used at 10.57 is the Republic of Georgia in the Caucus mountains, rather than of the state of the same name.

    • @scotishjohn
      @scotishjohn 9 місяців тому

      Nd slavery😅😅😮😮😮

  • @PsYKoTx
    @PsYKoTx 9 місяців тому +37

    It would have been much better to use the actual flags at the time for this video as opposed to modern flags and the "battle flag" for the confederacy.

  • @laural5177
    @laural5177 9 місяців тому +4

    I don't ever remember learning about Chase in high school history class.

    • @STho205
      @STho205 9 місяців тому

      Look up Chase and also the Republicans first serious run for president with John C Fremont in 1856.
      Most southern legislatures knew almost nothing about Lincoln. It was the Chase/Fremont party of radical abolitionists they were concerned about.
      There were not enough Republicans living in the Dixie states to even get Lincoln's electors on the ballot in about 10 states in 1860. This gave the secession movement rhetorical clout to call on the plight of The Founding Fathers in 1776 crying government with No Representation...
      Even though southern politics had been the mainstay of the US Republic for four score years prior to 1860.

  • @ilikedota5
    @ilikedota5 9 місяців тому +19

    Also the compromise of 1850 was 6 things together, albeit passed in separate bills. In order of importance: California Statehood; fugitive slave law; popular sovereignty for western territories and overturning Missouri compromise; banned slave trade in DC but not slavery; Texas debt taken on by federal government; and settling border disputes and territory boundaries.

  • @pbr4814
    @pbr4814 8 місяців тому +3

    Chase stabbed Lincoln in the back many times while a member of his cabinet, and in return, Lincoln made him Chief Justice of the Supreme Court. Read "Team of Rivals" by Doris Kearns Goodwin.

  • @MarkWTK
    @MarkWTK 9 місяців тому +7

    woah, the economics behind the Civil War ! interesting !!! much love from Malaysia.

    • @EconomicsIsEpic
      @EconomicsIsEpic  9 місяців тому +5

      Waddup Malaysia!!!
      Let us know what global topics you'd like us to cover in the future! We read all our comments!

    • @kalburgy2114
      @kalburgy2114 9 місяців тому +2

      I have a topic I'd pursue if I could do the research.
      Filibusters, soldiers armed and privately financed in the U.S. who would then embark from a U.S. port and take over a small country, were outlawed by Congress. I wonder who financed them, and if, when their private schemes were outlawed, did these private financiers work to infiltrate their influence into the government to continue their activities using first, the American military (for the American Fruit Company), then the C.I.A.
      I suspect this is also a British issue, since the British Empire appears to have really served the same financial interests in London.

  • @Lewie-py1sv
    @Lewie-py1sv 9 місяців тому +28

    This was VERY interesting! Well done!

  • @soistosxavata5941
    @soistosxavata5941 9 місяців тому +5

    Ty for all :)

  • @tosoledo
    @tosoledo 9 місяців тому +7

    10:57, wrong flag of Georgia. That is the Caucasus country not the US state.

  • @Parakeet-pk6dl
    @Parakeet-pk6dl 9 місяців тому +119

    Could you please stop using that intro music or otherwise half the volume of it? Great video though!

    • @melodymaker135
      @melodymaker135 9 місяців тому

      Horrible music.

    • @tski3458
      @tski3458 9 місяців тому +7

      Yes. Hard on the ears

    • @stevenlight5006
      @stevenlight5006 9 місяців тому

      Notice the g. D. Democrats wanted slavery

    • @susanschaffner4422
      @susanschaffner4422 9 місяців тому +6

      Music very annoying. Video informative.

    • @julieharvey2907
      @julieharvey2907 7 місяців тому +5

      Love the video content and the information, but the music throughout is making it difficult to continue watching.
      I would love to see the video without the noise.

  • @monlew4797
    @monlew4797 9 місяців тому +9

    I enjoyed this video!

  • @darwindowling5057
    @darwindowling5057 9 місяців тому +18

    Awesome video!

  • @EconomicsIsEpic
    @EconomicsIsEpic  9 місяців тому +2

    Part II is Out! and YES, we turned down the background music ;')
    ua-cam.com/video/TOI4cnrMASg/v-deo.html

  • @douglassauvageau7262
    @douglassauvageau7262 9 місяців тому +5

    Significantly, Abraham Lincoln's legal practice represented railroad interests in Illinois during his 'retirement' from politics in the 1850s.

  • @user-kw7me3uz8i
    @user-kw7me3uz8i 9 місяців тому +11

    Thanks for a great video!

  • @EconomicsIsEpic
    @EconomicsIsEpic  9 місяців тому +23

    To what extent can the end of slavery in America be attributed to the wave of industrialisation that occurred in the North? Would the Norther abolitionist still have been able to elect Lincoln?

    • @Joe--
      @Joe-- 9 місяців тому

      I watched the video, very nice. Would you please link the sources though? I'd like to do further research on this interesting topic 🙏

    • @vladimirrashkovsky6274
      @vladimirrashkovsky6274 9 місяців тому +1

      10:52 I didn’t know Georgia declared independence from the Russian Empire to fight for the South during the American civil war

    • @gracioussouthernlady5003
      @gracioussouthernlady5003 4 місяці тому

      ​@@vladimirrashkovsky6274
      Great catch!

  • @bryanxavier9820
    @bryanxavier9820 9 місяців тому +12

    Nice video 🔥

  • @akitzar
    @akitzar 9 місяців тому +5

    turn off the background music

  • @michaelpeterson3736
    @michaelpeterson3736 8 місяців тому +2

    Public school only scratch the surface of subjects.

  • @xdanbo1859
    @xdanbo1859 9 місяців тому +4

    5:35 - So Michigan was still a territory in 1848. So are you telling me that in 1987, I did NOT need to learn the word "sesquicentennial" to celebrate Michigan's 150th anniversary of statehood?

  • @barbiquearea
    @barbiquearea 9 місяців тому +12

    One of the reasons why slavery became less popular in the northern states was because they didn't have as much work for the slaves to do in the winter months. And this was why slavery was ultimately abolished in the northern states. There were not many tasks that can be preformed during wintertime, as crops would not be in season. It was therefore not economically feasible for northern planters to maintain a slave workforce in winter when little profit-generating work could be done, unlike in the much more lush and humid south, where slaves could work the fields year-round, and where especially profitable cash crops such as cotton, tobacco and sugarcane can be grown.

    • @STho205
      @STho205 9 місяців тому +5

      A bit more complex than that. Slavery was a method of making the agricultural colonies work in America. Add to that forced bond labor from Europe exported or deported to America. This was initially done in all the major tidewater colonies. Spanish and Dutch first, then French and British. The New Amsterdam colony had plenty of slaves while Virginia and Mass Bay were still relying heavily on bonded whites.
      Terrain and crop cultivation tends to direct the value of slavery. Slavery continued to be the basis of labor all through the 1700s in tidewater districts. However where there were no large open fertile fields close to shore, the need for the large labor gangs was not there. Running 100 or more imprisoned laborers on massive flat estates in Maine or NH or even Mass Bay was not as expansive as being able to do it in tidewater Maryland/DE to New Orleans. Even at that slavery in the Dixie states was often limited to tidewater crops and flatlands: indigo, sugar, tobacco, long fiber cotton and flax.
      Upcountry slavery in the South in 1810 was about as uncommon as in New England or NY. It was hard to run the proverbial hundred slaves on a plantation when the plantation was rough, craggy, inhabited by Indians and grew crops like wheat or ran cattle.
      Slavery expanded in the US after 1810 because of the North. Northern machinery demanded new crops. Northern efforts and capital investment cleared land past the Appalachians and Northern banks loaned money specifically to buy slaves to work that new crop the North made suddenly profitable:
      Boll Cotton...aka Eli Whitney.
      They funded it, bought the crops, ran the shipping and set the expected quotas.
      Simultaneously in the Northern westward expansion, food crops such as wheat and corn were developed which is not suited to slave labor. Also the North after 1810 had a bigger white free population that needed work.
      Don't buy the fantasy that the industrial north vs the agricultural south...as 90% of northern citizens lived on farms too. As well the South had an industrial corridor on the lower Mississippi, Potomac and James rivers.....it was just destroyed in the Civil War.

    • @user-nc9pc3gr4c
      @user-nc9pc3gr4c 8 місяців тому

      They started abolishing slavery in the North as soon as our constitution was enacted. So, economics wasn't the only factor.

    • @STho205
      @STho205 8 місяців тому +1

      It also had to do with the relative ease of doing so during the new liberties era. Vermont was the first to write african slavery off the books in 1777, with freedom coming immediately at age 21 for men and 18 for women. The territory of Vermont in 1777 had 25 negro souls. Not 25thousand....25 persons. XXV.
      Also since most of that number had been brought across from New York by the hated royalist planters who gained rival land patents from the tory governor to those of the New Hampshire homestead grants, then the Green Mountain Boys patriot government that formed in 1777, chose abolition as a way to eliminate the economics of the New York land patent holders.
      Vermont was in the enviable position of stopping the practice before it even started.
      New Hampshire in 1780 had 550 black persons, only a portion still under bondage. Maine about 450.
      Connecticut and Mass had around 5000 each, but enacted a slower attrition abolition. NY had 21000 having been a former Dutch colony, with the Dutch introducing slavery to British America. SNY enacted one of the slowest attrition abolition laws after several rather ugly and partisan court cases in the late 1700s. There were still slaves in NY until the mid 1830s when a new law just closed the practice completely.
      So the northern state anti slavery laws were somewhat colored by economics, the benefit of low numbers of estates affected, as well as libertarian motives and ideals.
      One might look at the demographics of Vermont today and see that 93% of her small population is european heritage, while only 1.2% are African Americans. That is about 8000 people....total.

  • @Gingerwhale
    @Gingerwhale 7 місяців тому +3

    Nicely presented video. Just one comment: the background music/noise is extremely annoying, drowning out the narration on multiple occasions. Could you either reduce its volume or eliminate all together. Great informative research.

  • @ruit
    @ruit 9 місяців тому +12

    Uhh, wrong state flag for Georgia? (10:53)

    • @anterogradus
      @anterogradus 9 місяців тому +4

      It is a correct state flag for Georgia. Just the one at the Caucasus.

  • @user-jr1cr9hs9n
    @user-jr1cr9hs9n 9 місяців тому +15

    Loving your videos guys, keep it up 🤩

    • @ASID-wc1cw
      @ASID-wc1cw 2 місяці тому

      I just watched this again after the video you just put out on " What was Russia doing with Alaska". Thanks!

  • @finisterfoul
    @finisterfoul 9 місяців тому +3

    Very informative!

  • @ascra1693
    @ascra1693 9 місяців тому +3

    Cant watch the video because there's annoying music playing

  • @theenglishzzz
    @theenglishzzz 8 місяців тому

    Very interesting.

  • @a1abama
    @a1abama 9 місяців тому +6

    You talked a lot about southern slavery, yet not a whimper about why Lincoln invaded the 7 seceded states. If you believe his inaugural speech on March 12th, he made it clear that he would guarantee southern slavery be protected permanently through the Corwin amendment which was working its way through Congress at the time. Yet in the same speech he insisted that he would continue collecting “duties and imposts” in the south, even if it meant bloodshed. Lincoln did not conduct war on the south over slavery, but merely to prevent the secession of 7 southern states whose economies were of great value to the north. Let’s not make Lincoln out to be something he wasn’t. What you left out was integral in painting a complete picture of the true cause of the war.

    • @sijul6483
      @sijul6483 8 місяців тому

      Some of the first lies we're told about this war are Abraham Lincoln's nicknames.

    • @suziecreamcheese211
      @suziecreamcheese211 7 місяців тому +1

      Money, every war is all about money.

    • @thomasbenner9621
      @thomasbenner9621 3 місяці тому

      Thank you.

  • @user-bj2sn2ff5i
    @user-bj2sn2ff5i 4 місяці тому +1

    great content, very informative! Technical note, maybe tune down the music track a bit, makes it a bit difficult to hear narration. Thanks!

  • @booradley6832
    @booradley6832 8 місяців тому +1

    His name is actually pronounced Sal-mon I believe.
    Nobody ever talks about his nemesis, Halibut Pursuit.

  • @EconomicsIsEpic
    @EconomicsIsEpic  9 місяців тому +11

    In terms of impact...
    Like for Alexander Hamilton
    Comment For Salmon P. Chase

    • @EconomicsExplained
      @EconomicsExplained 9 місяців тому +2

      Cheeky considering the obvious choice is Hamilton...
      But I suppose, there is certainly an argument to be made for Chase

    • @EconomicsIsEpic
      @EconomicsIsEpic  9 місяців тому +2

      After Part2. it'll be a lot less obvious

  • @KevinBalch-dt8ot
    @KevinBalch-dt8ot 9 місяців тому +2

    Didn’t the South pay most of the tariffs by importing industrial goods while the Northern industries were protected by these tariffs?

  • @aaronjones8905
    @aaronjones8905 9 місяців тому +4

    Wrong Georgia when you present the flags of the "cotton states".

  • @joeradford1055
    @joeradford1055 9 місяців тому +2

    80% of this video wasn't about financing the Civil War. I could've just skipped to 12:00 and found out the answer.

  • @AmericanRevanchism
    @AmericanRevanchism 9 місяців тому +2

    10:53 - The flag displayed here is the country of Georgia, not the American state of Georgia.

  • @ericwebster6911
    @ericwebster6911 9 місяців тому +2

    Music is too loud.

  • @michaelodonnell824
    @michaelodonnell824 9 місяців тому +8

    There are a number of issues with this.
    Firstly, before, during and after 1860, Lincoln had no intention or interest in Abolition. The Radical Republicans did, but Lincoln was no Radical. What Lincoln wanted was to prevent the Expansion of Slavery and he saw the Fugitive Slave Act and the Kansas Nebraska Act as deliberate attempts to Expand Slavery.
    Furthermore, I believe that the original Secession was a "Bluff" to ensure, not their own Independence but to compel a Compromise that would guarantee the Expansion of Slavery.
    Most Northerners really didn't care about the condition of the Southern Slaves, but they didn't want to have to compete with Slavery in their home States.
    And then, in 1857, immediately after the 1856 election, there was the Dredd Scott decision, where the US Supreme Court virtually denied "Free" States the right to ban Slavery.
    And that was why the nascent Republican party swept the "Free States".
    For the Slave owners, that was a disaster - NOT because a Radical abolitionist had won (Lincoln was not an Abolitionist) but in an ever expanding US, limiting Expansion of Slavery ensured that their Power increasingly diminish.
    Going back to Lincoln to finish, as late as 1862, he was attempting to deport Freed Slaves out of the US, and only gave up on that plan when his scheme failed. He is on record as calling Black Americans, "an inferior race". For years, he made it clear that only if it would win the War, would he abolish Slavery.
    Oh, and by the way, the Free Soil Party equally never spoke about abolition, only about limiting Expansion of Slavery...

    • @kalburgy2114
      @kalburgy2114 9 місяців тому +2

      You have a good handle on this. You are one of the few people I have seen that understands that the Dred Scott decision essentially abolished Free States, though the Fugitive Slave Law had made it that blacks could not really be free in any states.

    • @SandfordSmythe
      @SandfordSmythe 9 місяців тому

      His "scheme failed" because he realized it was a stupid idea.

    • @michaelodonnell824
      @michaelodonnell824 9 місяців тому +2

      @@SandfordSmythe He actually tried TWO Different schemes, AGAINST the will of Black leaders like Frederick Douglas. One was to an island off Haiti (Ile-a-Vache). The other was to what is today known as Panama. He signed the contract for Ile-a-Vache the day before he signed the Emancipation Proclamation.
      Lincoln might not have liked Slavery but he was completely opposed to any kind of multiracial society...

    • @SandfordSmythe
      @SandfordSmythe 9 місяців тому +1

      @@michaelodonnell824 I know that Lincoln was not without his prejudices. He was a product of his times. I don't see a need to hang out his dirty laundry, and take away from what he did do. The story I heard about Douglas was that he told Lincoln that these people were Americans and belonged here. I think there was a genuine fear that the free people were not going to do well and suffer.

    • @michaelodonnell824
      @michaelodonnell824 9 місяців тому +3

      @@SandfordSmythe Lincoln is on record as saying that "There are two different races and I will always believe that the White race is the Superior one".
      Let's not pretend that Lincoln was anything but a White Supremacist. So when Trump says he is a follower of Lincoln, he is not (on that occasion) lying.
      Lincoln would have had few issues with either the Black Codes or the KKK. You might not like Andrew Johnson, but he was completely following Lincoln's policies when he tried to rapidly re-include the Confederate States. Furthermore, if Lincoln had lived, he would have completely opposed the fourteenth and fifteenth ammendments. The US has those ammendments solely thanks to the Radical Republicans, who Lincoln never aligned with and who Lincoln opposed at every turn...

  • @alexl291
    @alexl291 Місяць тому

    What’s the song at the beginning?

  • @josephedixon3449
    @josephedixon3449 9 місяців тому +2

    Chase was his own worst enemy

  • @katherineatkinson1899
    @katherineatkinson1899 9 місяців тому +2

    Interesting topic but I really struggled to watch through to the end because of the music. I had to concentrate very hard to understand what the narrator was saying.

  • @TriumvirSajaki
    @TriumvirSajaki 9 місяців тому +3

    0:28 no national currency? I own coins from the pre-war era that say "United States of America". Or are you specifically referring to paper money as opposed to the dollar currency?

    • @EconomicsIsEpic
      @EconomicsIsEpic  9 місяців тому +3

      As you'll find out in Pt.2 airing next week, when the civil war broke out there was no federal currency. Transactions were done in state issued coins, gold, silver, and even foreign currencies.
      Enter: Salmon Chase

  • @JuanAristi
    @JuanAristi 8 місяців тому +1

    Orgegon and Florida was part of Spain before it became the USA... something that is glossed over by the USA when looking at the past.

  • @Bernard-fo2qo
    @Bernard-fo2qo 9 місяців тому +2

    Music volume is WAY TOO HIGH. BAD MOVE.

  • @angelozachos8777
    @angelozachos8777 9 місяців тому +1

    Much of this video is historical interpretation and not actuality 🤷‍♂️
    All the same , an enjoyable , well-done video 👍🏼

  • @jerryware1970
    @jerryware1970 9 місяців тому +2

    We took advantage of foreign wars bankrupting those countries at war. The Louisiana Purchase was bought from the French(Napoleon) grand ambitions and us buying Alaska from the Russians.

  • @avenaoat
    @avenaoat 9 місяців тому +3

    Excellent video. Only some little things are. So the slave trade was forbidden with the UK together. Very important the British government forbade the slavery in 1836 and this was the main couse for the increasing abolutionist movement in the USA. The abolutionist found good example! Canada (Mexico) became main rout for the underground railway. (France forbade the slavery in 1848 too!)

    • @STho205
      @STho205 9 місяців тому

      Yes MP Wilberforce and President Jefferson were writing one another about coordinating the laws in 1806 and 1807.
      Both bills were passed simultaneously in mid 1807, but the US one couldn't be signed until Jan 1808, because the US Constitution forbade any Federal slavery laws for 20 years after ratification....enough time for the nation to recover from the Revolution and organize the federal union.

    • @suziecreamcheese211
      @suziecreamcheese211 7 місяців тому

      Yes but why was there a cotton embargo put in place during the civil war? Where was all that cotton going?

    • @STho205
      @STho205 7 місяців тому

      @@suziecreamcheese211 enslaved people did a lot more than pick cotton, but yes there was a CSA cotton embargo self imposed in 1861.
      They were stockpiling cotton in warehouses in New Orleans, Baton Rouge, Port Hudson, Natchez, Vicksburg to force an exponential price jump...as they were selling Cotton Futures in Europe to arm the Confederacy (ships, steel, rifles cannon, uniforms, etc).
      That backfired when the Union Navy took New Orleans in early 1862, just when the cotton was about to be run through the Union blockades. The US then sold the cotton as a spoil of war.
      The cotton that did get through was mostly in Mobile, which didn't fall until the last day of the war.

  • @jamessheffield4173
    @jamessheffield4173 9 місяців тому +1

    Free-Soil Party, (1848-54), minor but influential political party in the pre- Civil War period of American history that opposed the extension of slavery into the western territories. Bing search

  • @londonwerewolves
    @londonwerewolves 9 місяців тому +6

    13:49 Actually the Antebellum South slogan to express their economic & political policy was "King Cotton". Looks & sounds dumb in English, so I can understand how it would be translated into "Cotton is King", in other languages.

  • @operationsusfoods1354
    @operationsusfoods1354 3 місяці тому

    The music is a little loud over your voice

  • @jkbrown5496
    @jkbrown5496 9 місяців тому +2

    Hard to listen to. Either learn to speak louder or turn down the background "music". Unfortunate as the content seems good.

  • @deemo5245
    @deemo5245 7 місяців тому

    3:15 unpopular opinion: 2A could not fit into that more

  • @ezandman6804
    @ezandman6804 9 місяців тому +1

    Next time mention the 8th.

  • @johnhoran25
    @johnhoran25 9 місяців тому +4

    Excellent video, but I disagree with one point that you made several times. The Republican Party was not formed to end slavery. It was formed, like the Free Soil Party before it, to keep slavery from spreading into the new territories in the west that would eventually become states. The Republicans wanted to protect small-scale white farmers from having to compete with large slave-worked plantations. Anti-slavery abolitionists moved toward the Republican Party because it gave them their best chance to achieve their goals. Lincoln hated slavery, but he did not go to war to end it. Abolition became a war goal for him in the second half of 1862, over a year into the war.

    • @avenaoat
      @avenaoat 9 місяців тому

      Good facts. Republicans were a mix party with free soils, abolutionists, industrial protective taxation supporters. The Kansas Nebraska bill merged them togheter. Ex Whigs (Lincoln), Ex Free soils, Ex Democrats (Hamlin) and Abolutionists founded this party. Industrial protective taxation was a Whig program and the Morill tariff brought a protection for the baby USA's industry. Free soil program was to bring Kansas into the USA as free state. The Abolutionst got Lincoln's (provisory) emantipation in 1862, .The Exdemocrats got the whole USA plan. (The Democrat presidential candidad Stephen Douglas wanted 200 000 soldiers in 1861 and not only 75000 as Lincoln.

  • @edgilchrist6374
    @edgilchrist6374 9 місяців тому +1

    Lose the background music.

  • @arailway8809
    @arailway8809 9 місяців тому +4

    A southern transcontinental route alone would have done more than expand
    slavery in America. It would increase the flow of southerners into California.
    It would increase Southern trade to the Sandwich Islands, the Hawaiian Islands
    of today. It would increase Southern trade to the guano islands of the Pacific.
    It would increase Southern trade with the far east.
    That was far too big of an advantage for the Northerners to bear.
    So they diverted the South's energies with a little thing called the Civil War.

  • @user-cg2tg4zf5h
    @user-cg2tg4zf5h 9 місяців тому

    And so the high moral standing ended slavery with all out war?

  • @explodingwolfgaming8024
    @explodingwolfgaming8024 9 місяців тому +1

    Commenting 4 algorithm

  • @johndia5
    @johndia5 9 місяців тому +2

    This is neither here nor there but Oklahoma isn’t apart of the north, Indian territory had slaves and fought on behalf of the confederates

  • @ChrMuslimThor
    @ChrMuslimThor 8 місяців тому

    The moving pictures are a bit nauseating. But the content is otherwise great!

  • @gillisBR549
    @gillisBR549 4 місяці тому

    Industrial vs Agrarian, …. money, control, power etc

  • @Idahoguy10157
    @Idahoguy10157 9 місяців тому

    A Plantation economy only worked in part of the South. Expanding west or North was not going to economically work.

  • @booradley6832
    @booradley6832 8 місяців тому +2

    So glad they ended slavery in the civil war, its not like it definitely continued for nearly 100 years afterwards in a system of untenable lease agreements designed to keep black families working on a plot of land debt made them unable to leave....
    Yeah, we probably should have waited a little bit, put in laws providing benefits for manumission and then as technology got bigger, killed slavery when it was already dwindling. I say this not out of disregard for the people who were enslaved, but rather out of the hope that they would have found a better life if freed under better circumstances. Bitter southerners who blamed them for the war kept their plight awful for a long time after. it's a question of personal ethics, are 10-15 years more of slavery worth avoiding sharecropping and giving your kids a better chance? I cant answer that for certain.

  • @rosaliainiguez1271
    @rosaliainiguez1271 8 місяців тому +1

    Recuerda que más de la mitad de México 🇲🇽 fue arrebatada con invasión

  • @brynawaldman5790
    @brynawaldman5790 9 місяців тому +3

    America "won wars" with Native Americans because European illness were pandemics to them, & wiped them out. FWIW, Europeans couldn't handle African diseases, & this is the biggest cause for colonial history in Africa to be so different from colonial history in the Americas.

  • @Parakeet-pk6dl
    @Parakeet-pk6dl 9 місяців тому +3

    I’ve downvoted the video and stopped watching somewhat halfway, just because I had to make such an effort to focus on what you’re saying because of that background music… 😬

  • @colinmcewen9530
    @colinmcewen9530 9 місяців тому +1

    they did have standing army it wwas just a lot smaller

  • @dulio12385
    @dulio12385 9 місяців тому

    I'll just go ahead and say it. Chase got Smoked by Lincoln in the election of 1860 🤣

  • @iljasovasabina3315
    @iljasovasabina3315 7 місяців тому

    Sakartvelo flag instead of State of Georgia flag 😂

  • @EyupSkydiver
    @EyupSkydiver 7 місяців тому

    Please get rid of the music. It is distracting.

  • @RitaElaineHeltonBarker-uz4sz
    @RitaElaineHeltonBarker-uz4sz 9 місяців тому +4

    Abraham Lincoln was our first Homosexual president it was documented & known he was with 5 different men there was s good reason Mary Todd was so depressed

    • @suziecreamcheese211
      @suziecreamcheese211 7 місяців тому

      What has this got to do with anything?

    • @grasonicus
      @grasonicus 3 місяці тому

      News to me. I'll check it out before believing it. Who were the others?

    • @RitaElaineHeltonBarker-uz4sz
      @RitaElaineHeltonBarker-uz4sz 3 місяці тому

      @@grasonicus
      It's true it was as I said documented search videos here on this platform & History channel

    • @RitaElaineHeltonBarker-uz4sz
      @RitaElaineHeltonBarker-uz4sz 3 місяці тому

      @@suziecreamcheese211
      Barack Obama was our second LGBTQ president

    • @grasonicus
      @grasonicus 3 місяці тому

      @@RitaElaineHeltonBarker-uz4sz I don't feel strongly about this, but from what I've seen the 'evidence' surfaced long after he died, and in many cases, from back-passage boys who now want to claim Abe as one of their own.

  • @pmcclaren1
    @pmcclaren1 9 місяців тому +1

    Wow! Incredible! One of the best (or as it were worst) bit of cherry-picking of facts to rationalise your agenda for the cause(s) of the WAR. The lies of the last 158+ years continue on unabated thanks you your most excellent (or disgusting as it were) post! Keep up the great work!!!

    • @m93p
      @m93p 9 місяців тому +1

      The guy can't even pronounce "secession" but he is making a video on attempted withdrawal from a voluntary union for common defense and mutual benefit. Some of the names and dates are correct but the clip was mainly made to flaunt the guy's ignorance. Portland Chase, the bank-lawyer, is his saviour ----he probably idolizes Henry Paulson, too.

    • @pmcclaren1
      @pmcclaren1 9 місяців тому +1

      @@m93p Indeed. Glad you know the truth as well.

  • @s.henrlllpoklookout5069
    @s.henrlllpoklookout5069 9 місяців тому

    "The American Breakfast is a Lie"?

  • @hannathehappynomad
    @hannathehappynomad 7 місяців тому

    I was a fan until I saw you used the Georgia 🇬🇪 country flag instead of the state!!! 10:50 🙄 now I'm not sure about the content...did you do the same half ass research on other facts as well or an honest ONE mistake.

  • @billymakale1338
    @billymakale1338 9 місяців тому +1

    "For the south slavery was for economics"? Tell that to the kkk

  • @jamesbeckham7046
    @jamesbeckham7046 4 місяці тому

    If the North had no standing army, how could the south fire on Fort Sumter? North had an army!

  • @user-zh2kk7kt2y
    @user-zh2kk7kt2y 9 місяців тому +1

    Bring back the old Brit guy voice. This voice and sound will lose me if not thousands of others.

  • @chrisbremner8992
    @chrisbremner8992 9 місяців тому

    The North had 5 times the population . 😊

  • @ilikedota5
    @ilikedota5 9 місяців тому +1

    I think you underestimate the ethical arguments made by the south and how that also shaped the debate. I think its a framing device as en economics type, but I think you underestimate the moral arguments made, since you are a non historian. You basically assume everyone is a self-interested, economic type, ignoring moral views, and I think that's wrong.

  • @user-ej5gx7ph7q
    @user-ej5gx7ph7q 9 місяців тому

    The economic scheme of capitalism contracted different races, in the human race to justify crimes against humanity, by changing the value of human beings

  • @grasonicus
    @grasonicus 3 місяці тому

    While I liked the content of this video, the overpowering music, supposed to be in the background, but actually in the foreground, spoils the whole thing. Decades of working with human hearing mean I know about hearing, and also about the physics of sound. The narration is signal, anything else which competes with the narration is noise. This means your signal-to-noise ratio is shockingly bad. Yes, I know about signal-to-noise ratio in sound equipment.
    Especially older people will find the music interfering with the narration.
    Come on, this is not rocket science, decide between narration and music, and cut out the least important one.
    How can people so often get such a simple thing so wrong?

  • @scottbivins4758
    @scottbivins4758 8 місяців тому +1

    The Confederate states were actually ran by Democrats so u might wanna just put that in a comment my guy

  • @brianwolle2509
    @brianwolle2509 9 місяців тому +1

    chase was a creep. seward was much more loyal and helpful.

  • @-xl7ep1se3i
    @-xl7ep1se3i 9 місяців тому

    Hดิฉันขอรักและภักดีต่อคิงบลิววิลเลียมนะคะและไม่ต้องการแต่งงานกับใครทั้งนั้นแม้แต่คริสโตเฟอร์ดิฉันก็ต้องการอย่านะคะทีแต่งกับคริสเพาะต้องการไปทำงานพาสเตอร์ริ้งอีกเพาะรู้ว่าคิงบลิวเสียชีวิตและก็ไม่ต้องการอยู่หรือแต่งกับใครอีกและต้องการเป็นโสดคะ

  • @WillWilsonII
    @WillWilsonII 9 місяців тому +2

    Lincoln was selfish. The whole thing ultimately happened at that time because HE insisted in being the one in charge!

  • @grammarkid4050
    @grammarkid4050 8 місяців тому +1

    That intro music almost drove me off

  • @Chicago_jake
    @Chicago_jake Місяць тому

    Lincoln himself had slaves

  • @trekkienzl2862
    @trekkienzl2862 9 місяців тому +4

    To think, the Republican Party was originally founded with the guiding principle of abolishing slavery but today Republican presidential candidate Ron DeSantis is trying to argue that slavery somehow was beneficial to African-Americans.

    • @grasonicus
      @grasonicus 3 місяці тому

      “Ron DeSantis is trying to argue that slavery somehow was beneficial to African-Americans.” I lived the first 40 years of my life in Africa. An African-American living under a bridge in the USA is better off than an African living in Africa. Your media is not interested in telling you what things are really like in Africa because that conflicts with the leftist viewpoint that every people group can successfully govern themselves. Things in Africa are worse than you can imagine.

    • @thomasbenner9621
      @thomasbenner9621 3 місяці тому

      Sometime you might want to read Walter Williams take on slavery.

  • @cullendonaldson9303
    @cullendonaldson9303 9 місяців тому +1

    Tyrant

  • @alexmccorkle1004
    @alexmccorkle1004 9 місяців тому +5

    Abolish the IRS only civil war era program that hasn’t been abolished

    • @TheBKnight3
      @TheBKnight3 9 місяців тому

      Then we no longer become a world military power

    • @gio-ko7kf
      @gio-ko7kf 9 місяців тому

      Yes, the rich need to save their money and we poor don’t need social security or medicare .

    • @sijul6483
      @sijul6483 8 місяців тому

      Income taxes are still around (reintroduced by Woodrow Wilson).

    • @alexmccorkle1004
      @alexmccorkle1004 8 місяців тому

      @@gio-ko7kf the IRS is not necessary the federal government had taxes before the civil war and before the IRS the social programs will be in-forced because people who retired paid into those taxes all there life

  • @PopsKrispy-ph9de
    @PopsKrispy-ph9de 9 місяців тому

    artificial color/. "darken teeth" VentisQueAr 🦆 Van HOA)KY, cultural literature

  • @londontatehudson1794
    @londontatehudson1794 9 місяців тому +1

    This is as pathetic as the propaganda taught in public school. NOT WHAT HAPPENED.

  • @Justmekpc
    @Justmekpc 9 місяців тому +1

    Back when the Republican Party stood for something

  • @paulkindlon5496
    @paulkindlon5496 9 місяців тому +1

    Slavery was not the #1 issue. States rights were. Do your homework

    • @johnhoran25
      @johnhoran25 9 місяців тому

      Try reading the secession ordinances of the southern states for homework. They all talk about slavery, and the main right they wished to defend was the right to own slaves. In the 1850s, most southern leaders supported federal power, in order to enforce the Fugitive Slave Act. Abolitionists were the states’ righters then. States rights is much more of a tactical position than a political theory for most of US history. It tends to be adopted by those not in control of the national government.

  • @frankwilson4717
    @frankwilson4717 9 місяців тому

    THE FACT THAT SLAVES, WERE AS GOOD AS CASH, IS STILL SOMEWHAT, UPSETTING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!