Modern Industrialism and the Negroes of the United States

The storm centre of this area of industrial depression passed over Virginia, the Carolinas and Georgia. The very heart of the slave system was thus attacked by the unequal fiscal action of the general government. The South needed for its great staples of cotton, rice and tobacco the freest access to the markets of the world, and unrestricted competition of the world in its own market, and this the principle of protection denied to it. For the grand purpose of the new policy of protection was to occupy and retain as far and as fast as practicable, and in some cases a little farther and faster, a monopoly of the home market for the products of the new industrialism, and therefore to exclude foreign buyers and sellers therefrom on equal terms with their domestic rivals. Owing to the limitations of its peculiar labor t