answersLogoWhite

0

There was an economic crisis in England. Americans would export their cotton to England in return for manufactured cotton textiles. Because the English economy was in trouble, cotton prices dropped in America (the demand of American imports dropped in England).

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

How does the manufacturing of synthetics fiber affect the cotton farmers?

If more synthetic fibers are available, less cotton fiber will be needed. Less need for cotton means lower prices for it. If prices go down, production of cotton will be reduced until supply and demand reach a balance. If less cotton is grown, the farmers must plant other crops. Synthetic fibers affect cotton farmers because if they can make their own clothes, there's no point in cotton being grown. If more synthetic fibers are available, less cotton fiber will be needed. Less need for cotton means lower prices for it. If prices go down, production of cotton will be reduced until supply and demand reach a balance. If less cotton is grown, the farmers must plant other crops.


Did the cotton gin reproduce production price?

The cotton gin significantly reduced the labor required to process cotton, which in turn lowered production costs. By efficiently separating cotton fibers from seeds, it allowed for increased cotton output and scalability in production. This increase in efficiency contributed to a drop in prices, making cotton more accessible and bolstering its role in the economy. Thus, while the cotton gin did not reproduce production prices directly, it played a crucial role in driving prices down through enhanced productivity.


How did overproduction cause farm prices to go down?

Overproduction caused farm prices to go down because when there is more than enough product, the demand goes down. Prices only go up when demand goes up.


What is better Egyptian cotton or Turkish cotton?

down to personal choice


Why had slavery been on the decline before the cotton gin?

After the American Revolution prices went down on tabacco, rice, and indigo. Less slavery was necessary because the farmers were not making a profit off their crops.


Why had the slavery been on the decline before the cotton gin?

After the American Revolution prices went down on tabacco, rice, and indigo. Less slavery was necessary because the farmers were not making a profit off their crops.


Stagflation 2008 causes?

Stagflation back in the 70s was caused by rising oil prices which causes inflation, and a reduction in GDP, which was caused by various factors. At the start of 2008, GDP was going down, but inflation was still high due to oil prices, so it was thought we where entering a new stagflation period. However, oil prices have gone down since, and there's indications that inflation will not be an issue in 2009. So in conclusion, as of Jan. 2009, there is no clear indication that we have entered a stagflation period.


What role did the regions river play in the cotton trade?

it was easier to transport cotton down the river


What was one result of the boom on farm production in the 1870?

Crop prices went down because of the boom in farm production in the 1870s.


Is the coles add down down prices are down a jingle?

yes it is


How do you breakdown poly-cotton?

You usually break down poly-cotton as a percentage or ratio. For example, a 50/50 blend is 50% polyester and 50% cotton.


Will air fares to Ireland go down?

It all depends on oil prices. If oil prices go down, then yes.