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.
Becuase of the gin it was much faster to pick to the cotton
The cotton gin was made in 1793.
The cotton gin was created in the early 18oo's
Best known for inventing the cotton gin, patent X72 dated March 1794
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.
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.
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
Becuase of the gin it was much faster to pick to the cotton
The cotton gin made labor easy for people or slaves, so the cost decreases.
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.
You would not capitalize it. cotton gin
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I hung my cotton shirt up in the wardrobe.
cotton gin
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.