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economic importance of cotton ppt

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Grown in more than 100 countries, cotton is a heavily traded agricultural commodity, with over 150 countries involved in exports or imports of cotton. Taken as a whole, between 30 and 40 per cent of the cotton ends up as domestic consumption of final products. 0000011794 00000 n 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. What does Northup’s narrative tell you about the experience of being a slave? Cotton can be stored for years without loss of value. . A. Fibre yielding plants: 1. These bales, weighing about four hundred to five hundred pounds, were wrapped in burlap cloth and sent down the Mississippi River. King Cotton, phrase frequently used by Southern politicians and authors prior to the American Civil War, indicating the economic and political importance of cotton production. Narrative of Solomon Northup, a Citizen of New-York, Kidnapped in Washington City in 1841 and Rescued in 1853 (the basis of a 2013 Academy Award–winning film). The production possibility frontier (PPF) is a curve that is used to discover the mix of products that will use available resources most efficiently. Cotton, however, emerged as the antebellum South’s major commercial crop, eclipsing tobacco, rice, and sugar in economic importance. Southern cotton, picked and processed by American slaves, helped fuel the nineteenth-century Industrial Revolution in both the United States and Great Britain. Steamboats also illustrated the class and social distinctions of the antebellum age. Northern mills depended on the South for supplies of raw cotton that was then converted into textiles. Free + Easy to edit + Professional + Lots backgrounds. The benefits of cotton produced by enslaved workers … 0000020714 00000 n By 1850, of the 3.2 million slaves in the country’s fifteen slave states, 1.8 million were producing cotton; by 1860, slave labor was producing over two billion pounds of cotton per year. The upshot: As cotton became the backbone of the Southern economy, slavery drove impressive profits. Cotton planting took place in March and April, when slaves planted seeds in rows around three to five feet apart. During the picking season, slaves worked from sunrise to sunset with a ten-minute break at lunch; many slaveholders tended to give them little to eat, since spending on food would cut into their profits. Railroads brought rapid expansion of people, business, and cities across the state. This study presents agronomic and economic data from the conversion phase (2007–2010) of a farming systems comparison trial on a Vertisol soil in Madhya Pradesh, central India. Cotton is a driver of economic development and is of critical importance to the economies of developing and least developed countries, including most countries in Africa. The Mississippi River Valley slave states became the epicenter of cotton production, an area of frantic economic activity where the landscape changed dramatically as land was transformed from pinewoods and swamps into cotton fields. Cotton, one of the world’s leading agricultural crops, is plentiful and economically produced, making cotton products relatively inexpensive. By the end of this section, you will be able to: In the antebellum era—that is, in the years before the Civil War—American planters in the South continued to grow Chesapeake tobacco and Carolina rice as they had in the colonial era. Cotton Cotton is an important cash crop grown in Pakistan, and it contributes substantially to the national economy of Pakistan and is a key source of livelihood for rural people (Pakistan, 2012–13). . %%EOF Suddenly, a process that was extraordinarily labor … Try and imagine a world without plants. Why was this thinking misguided? In 1793, Eli Whitney revolutionized the production of cotton when he invented the cotton gin, a device that separated the seeds from raw cotton. While the workers in this photograph are not slave laborers, the process of cotton harvesting shown here had changed little from antebellum times. New Orleans had been part of the French empire before the United States purchased it, along with the rest of the Louisiana Territory, in 1803. As a commodity, cotton had the advantage of being easily stored and transported. He later escaped and wrote a book about his experiences: Twelve Years a Slave. Maryland slave dealers sold at least 185,000 slaves. Almost the entire textile industry depends on this fibre. The effort was laborious, and a white “driver” employed the lash to make slaves work as quickly as possible. Between the years 1820 and 1860, approximately 80 percent of the global cotton supply was produced in the United States. 0 0000003896 00000 n In the late nineteenth century, J. N. Wilson captured this image of harvest time at a southern plantation. The South’s dependence on cotton was matched by its dependence on slaves to harvest the cotton. Cotton planters projected the amount of cotton they could harvest based on the number of slaves under their control. Sign in. To ambitious white planters, the extent of new land available for cotton production seemed almost limitless, and many planters simply leapfrogged from one area to the next, abandoning their fields every ten to fifteen years after the soil became exhausted. With the land cleared, slaves readied the earth by plowing and planting. History of Jute: J. F. Duthie found C. capsularis on the banks of the Gumpti near Judalpur in a wild state. 0000004637 00000 n By the time of the Civil War, South Carolina politician James Hammond confidently proclaimed that the North could never threaten the South because “cotton is king.”. Annual business revenue stimulated by cotton in the U.S. economy exceeds $120 billion, making cotton America’s number one value-added crop. How does he characterize Eliza? Much of the corn and pork that slaves consumed came from farms in the West. Theirs was a world of mobility and restlessness, a constant search for the next area to grow the valuable crop. 2. Southern planters also borrowed money from banks in northern cities, and in the southern summers, took advantage of the developments in transportation to travel to resorts at Saratoga, New York; Litchfield, Connecticut; and Newport, Rhode Island. In the first half of the nineteenth century, it rose in prominence and importance largely because of the cotton boom, steam-powered river traffic, and its strategic position near the mouth of the Mississippi River. The crop grown in the South was a hybrid: Gossypium barbadense, known as Petit Gulf cotton, a mix of Mexican, Georgia, and Siamese strains.

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