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Q: Who are people who managed the cotton trade for farmers and merchants?
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Continue Learning about Economics

How do some farmers accumulate savings?

Farmers grow crops to feed themselves and to sell at market so that they have money to purchase things that they need but can not grow or make for themselves. All people (farmers and non farmers) need to eat and therefore everyone actually depends on what farmers produce for us. The trouble is that farmers have to rely on middle men (merchants) to get their food to the people. It is the merchants that are in the position of making money from the trade. Farmers would benefit themselves by coming together as small communities to decide what to grow, to purchase fertiliser and seeds in bulk and to share in the process of selling their produce, trying to cut out some of the middle men. This will increase their income so that they can save some money - this is how some farmers accumulate savings.


People who want profits?

Merchants


What Changes did Industrialization bring to lower middle class of factory overseers and skilled workers?

Middle Class grew during the Industrial Revolution, skilled workers, professionals, business people, wealthy farmers, factory owners, shippers, merchants, factory owners, merchants and bankers grew wealthier than the landowners, and the aristocrats.


What problems are associated with cotton growing and production?

The people who work on the cotton use harmful pesticides that goes on their skin and they end up in hospital, also the farmers often commit suicide because they get themselves into huge debt and the hardly get any money for what they produce. :)I was looking at this in class and that is what i found. - it's very sad :(


Why did the cotton industry disappear?

The cotton industry has not disappeared. Cotton is more popular than ever, due to the organic movement. Many people prefer cotton over other materials.