In 1828 the U. S. Congress increased taxes paid on imports to protect newly established northern industries from foreign competition. The southern economy was hurt by this protective tariff because the tariff - decreased profits for foreign manufacturers
decreased profits for foreign manufacturers

the south imported most of their goods
the south imported most of their goods

led to widespread bank failures
led to widespread bank failures

prevented trade with western territories
prevented trade with western territories

decreased profits for foreign manufacturers

decreased profits for foreign manufacturers

Explanation:

might be agreeing to participate ethically with other european nations in the slave trade

or notifying other european nations when taking possession   of african territories

one of the main reasons was definitely slavery. back in 1861, republican abraham lincoln was elected and ended up being a major influence in the slavery business. slavery greatly affected the texas economy because back in 1845 during the annexation of texas, slaves became a big part of the texas population. many texans that were in favor of the secession influenced groups through party ties.