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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).
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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.
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
Is cotton soluble in water?
Non. There are solvents that will cause cotton to break down, thus making it dissolve, but it will no longer be cotton but the products of its decomposition that are dissolved.
Will air fares to Ireland go down?
It all depends on oil prices. If oil prices go down, then yes.
Tons of grain paid as a tribute caused a surplus that drove down the price of grain in this country?
Tons of grain paid as a tribute caused a surplus that drove down the price of grain in China and in ancient Rome, Italy.
