The newest Cotton Gin built in the USA with the most modern technology is currently in Bogue Chetto, MI, and cost $6.5 million to build. Buying an existing gin is going to depend on how profitable they are.
$1.56 per pound of cotton
Life before the cotton gin for people was a bit harder they had to hand pick the cotton themselves
Before the cotton gin, 750,000 bales of cotton were produced annually.
Teh cost of Eli Whitney's Cotton Gin was $30. Back then 30 bucks was a lot of money so mostly the rich bought it.
before the cotton gin, peices of plant in the cotton were picked out by slaves, which of course was much slower. The cotton gin made the process of making cotton plants into usuable fabric was made much much easier. So people began growing more and more cotton.
40 thousand dollars 40,000$
Before the cotton gin, there was not much profit to be had out of cotton. There was too much time involved in making it a marketable product. After the gin, cottons potential was realized, the plantations were booming. Even with the gin, the harvesting of cotton was still very labor intensive. Plantation owners brought in slaves to do the harvesting. This dramatically cut the cost of production and increased profit.
The cotton gin essentially replaced the handpicking and cleaning of cotton. Before the invention of the gin, the U.S. employed slaves to handpick cotton. Currently, only third world countries still use slaves to handpick cotton.
The Cotton Gin merely raised the demand for cotton as it was a machine that quickly separated the cotton from the seed. But what the Cotton Gin couldn't do was pick the cotton. Paying people to pick the cotton was now even less cost efficient...
30dollars
Eli Whitney made th cotton gin before the ww1
not much. but after Eli Whitney made the cotton gin, slavery wanted to be expanded, pretty much causing the civil war
Becuase of the gin it was much faster to pick to the cotton