The cotton economy had close ties to the Northern banking industry, New England textile factories and the economy of Great Britain. In the later decades of the 19th-century prices of cotton dropped, and that contributed to the severe poverty throughout much of the South. [22] As a result of the devastating harvest of 1922, some 50,000 black cotton workers left South Carolina, and by the 1930s the state population had declined some 15%, largely due to cotton stagnation. Cotton and tobacco prices collapsed in 1920 following overproduction and the boll weevil pest wiped out the sea island cotton crop in 1921. Cotton Farms and Plantations. Further innovations in the form of genetic engineering and of nanotechnology are an encouraging development for the growth of cotton. Cotton Plantations Primary Sources ... Much of this cotton was exported to Britain where the invention of the Spinning Jenny, the Water Frame and the Power Loom had rapidly increased the demand for raw cotton. During the period before the Civil War, Southern staples made up three-fifths of total American exports, and cotton was by far the country’s largest export.
Great profits could be made by growing cotton. However, the very cotton that provided the South with such economic potency also increased its reliance on the larger U.S. and world markets, which supplied—among other things—the food and clothes slaves needed, the furniture and other manufactured goods that defined the southern standard of comfortable living, and the banks from which southerners borrowed needed funds. The rate of manufacturing growth leveled off in the following decade but redoubled in the 1880s and 1890s. What does Northup’s narrative tell you about the experience of being a slave? The most commonly used phrase describing the growth of the American economy in the 1830s and 1840s was “Cotton Is King.” We think of this slogan today as describing the plantation economy of the slavery states in the Deep South, which led to the creation of “the second Middle Passage.” But it is important to understand that this was not simply a Southern phenomenon.
Definition and Examples, Order of Secession During the American Civil War, The Growth of the Early US Economy in the West, Biography of George Washington Carver, Discovered 300 Uses for Peanuts, The Domestication History of Cotton (Gossypium), The Most Important Inventions of the Industrial Revolution. Moreover, Southern railroads tended to run fewer trains and make fewer stops than Northern ones. Source: Steven Elliott Tripp, Yankee Town, Southern City: Race and Class Relations in Civil War Lynchburg (New York: New York University Press, 1997). Cotton became the first mass consumer commodity. Cotton is the most widespread profitable non-food crop in the world. The reliance upon cotton, which had been so profitable earlier in the century, proved to be a severe problem by the 1880s and 1890s. King Cotton was a phrase coined in the years before the Civil War to refer to the economy of the American South. A demand for it already existed in the industrial textile mills in Great Britain, and in time, a steady stream of slave-grown American cotton would also supply northern textile mills. Cotton planting took place in March and April, when slaves planted seeds in rows around three to five feet apart.
Whenever new slave states entered the Union, white slaveholders sent armies of slaves to clear the land in order to grow and pick the lucrative crop.
The same man also purchased Randall.
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