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" "Lincoln's purpose in promoting Whig capitalism was not self-interest per se, but capitalism's necessary connection to equality, self-transformation, and social mobility, which were Lincoln's real goals. The essence of a free society, Lincoln said in 1859 (and here he was pirating J.S. Mill's Principles of Political Economy), was the openness it afforded to each of its citizens to make of themselves whatever they could, without the handicap of artificial inequalities based on status, nationality, or race. One could not do this in an economic environment governed by status, racial stratification, or centralized planning. Lincoln loved the Declaration's affirmation of all men's natural equality; but that equality would be meaningless without the unfettered opportunity to use it for something. If a national bank, tariffs, and "international improvements" promoted these opportunities, then they really were serving the interests of the natural rights to life, liberty, and the pursuit of happiness.
Allen Carl Guelzo (born 1953) is an American historian.
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[W]e need to shove aside the notions of the Progressives and Lost-Causers, that Reconstruction was some sort of Vichy occupation of a poor, pitiable South, as well as of the Marxists, that Reconstruction could have been the beginning of a socialist America had not the monied interests suppressed it. Neither of these approaches has much sense of the texture of Reconstruction’s reality.
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