national supremacy was the destruction of the planting aristocracy of
the South--that great power which had furnished leadership of undoubted
ability and had so long contested with the industrial and commercial
interests of the North. The first paralyzing blow at the planters was
struck by the abolition of slavery. The second and third came with the
fourteenth (1868) and fifteenth (1870) amendments, giving the ballot to
freedmen and excluding from public office the Confederate
leaders--driving from the work of reconstruction the finest talents of
the South. As if to add bitterness to gall and wormwood, the fourteenth
amendment forbade the United States or any state to pay any debts
incurred in aid of the Confederacy or in the emancipation of the
slaves--plunging into utter bankruptcy the Southern financiers who had
stripped their section of capital to support their cause. So the
Southern planters found themselves excluded from public office and ruled
over by their former bondmen under the tutelage of Republican leaders.
Their labor system was wrecked and their money and bonds were as
worthless as waste paper. The South was subject to the North. That which
neither the Federalists nor the Whigs had been able to accomplish in the
realm of statecraft was accomplished on the field of battle.

=The Triumph of Industry.=--The wreck of the planting system was
accompanied by a mighty upswing of Northern industry which made the old
Whigs of Massachusetts and Pennsylvania stare in wonderment. The demands
of the federal government for manufactured goods at unrestricted prices
gave a stimulus to business which more than replaced the lost markets of
the South. Between 1860 and 1870 the number of manufacturing
establishments increased 79.6 per cent as against 14.2 for the previous
decade; while the number of persons employed almost doubled. There was
no doubt about the future of American industry.

=The Victory for the Protective Tariff.=--Moreover, it was henceforth to
be well protected. For many years before the war the friends of
protection had been on the defensive. The tariff act of 1857 imposed
duties so low as to presage a tariff for revenue only. The war changed
all that. The extraordinary military expenditures, requiring heavy taxes
on all sources, justified tariffs so high that a follower of Clay or
Webster might well have gasped with astonishment. After the war was over
the debt remained and both interest and principal ha