Knowledge Tree
South
Facts (10)
Sources
'The Lehman Trilogy' and Wall Street's Debt to Slavery nybooks.com Jun 11, 2019 4 facts
perspectiveThe author argues that the story of Lehman Brothers illustrates how the South's investment in the cotton economy and the slave economy's legacy of white wealth and black impoverishment profoundly shaped American history from the antebellum period onward.
claimThe post-Civil War restoration of Southern lands and assets to prewar owners, facilitated by President Andrew Johnson's policies, enabled the implementation of 'black codes' that established segregation and replaced slavery in the South.
claimNorthern banks provided financing to cotton factors, effectively recycling profits from the Southern slave system back into Northern and international financial markets.
claimPopular historical accounts often view slavery as the South's 'peculiar institution' and treat it as a discrete historical anomaly rather than an integrated economic system.
History of tariffs in the United States - Wikipedia en.wikipedia.org 3 facts
claimIn the United States during the late 19th century, the South and West generally supported low tariffs, while the industrial East supported high tariffs.
claimSupport for high tariffs was strongest in the Northeastern United States, while opposition was strongest in the South and West, with the Midwest serving as the primary battleground for the issue.
claimThe 'home market' idea for tariffs had little relevance to farmers in the South and West because those farmers exported the majority of their cotton, tobacco, and wheat.
'The Lehman Trilogy' and Wall Street's Debt to Slavery reparationscomm.org Nov 10, 2021 2 facts
accountLehman Brothers transitioned from cotton factoring in the South to becoming a Northern finance powerhouse on Wall Street within two decades of the American Civil War.
claimPopular historical accounts often view slavery as the South’s “peculiar institution” and treat it as a discrete historical anomaly.
Tariffs: Estimating the Economic Impact of the 2025 Measures and ... richmondfed.org Apr 2, 2025 1 fact
claimUnder Scenario 3, U.S. counties in the industrial Midwest, parts of the Great Lakes, and manufacturing-intensive areas of the South face average tariff rates exceeding 10 percent due to their integration in global automotive supply chains with partners like Canada, Mexico, and the European Union.