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Q: Why didn't Eli Whitney make money from the cotton gin?
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How did the cotton gin make Eli Whitney rich?

notting


How does the decrease in cotton prices affect the market?

Cotton consumers, such as clothiers, pay less for cotton and generally speaking will make more profit. Cotton producers will get less money for their product, and generally speaking make less profit.


How did the cotton gin make cotton more profitable?

With a cotton gin, you remove the cotton seeds and it is easier to make it into cotton fabric.


How much money do farmers earn a week?

Farmer typically don't earn regular weekly paychecks. Farmers usually only make money during the harvest seasons, which depends on where you live, but here in NC it starts in august with tobacco and continues into January with cotton. MOST farmers don't make much money at all after all bills are paid. For example, A typical acre of cotton would produce about 1000 pounds of cotton. As of right now cotton is 55 cents a pound, or about 550 dollara an acre, however the costs to grow that are of cotton are probably between 300-500 dollars. This same example applies to most other crops. BASICALLY, farmers don't make much money, unless your a very large farmer, you will just make enough to break even. Farmer typically don't earn regular weekly paychecks. Farmers usually only make money during the harvest seasons, which depends on where you live, but here in NC it starts in august with tobacco and continues into January with cotton. MOST farmers don't make much money at all after all bills are paid. For example, A typical acre of cotton would produce about 1000 pounds of cotton. As of right now cotton is 55 cents a pound, or about 550 dollara an acre, however the costs to grow that are of cotton are probably between 300-500 dollars. This same example applies to most other crops. BASICALLY, farmers don't make much money, unless your a very large farmer, you will just make enough to break even.


How much money does America make from cotton?

Farmers harvest approximately 17 million bales of cotton every year from an average of more than 12 million acres planted annually

Related questions

What made Eli Whitney want to invent the he cotton gin?

I read he was trying to make money.


Why did Whitney make the cotton gin?

Eli Whitney made the cottin gin to make cotton picking easier


Why did Whitney invent the cotton gin?

To make separate the cotton from the shell and seeds. This made picking go faster, and he got more money faster.


What invention allowed many farmers to switch to planting cotton?

The cotton gin. Invented by Eli Whitney and he got screwed because he didnt trade mark it so he didn't make a single dime.


Did Eli Whitney make muskets?

No, Eli Whitney invented the cotton gin.


Did Eli Whitney invent the cotton gin to stop slavery?

Eli Whitney did not create the first cotton gin, the first cotton gin known to man is the single roller cotton gin, which was first used around 800 A.D.


How did Eli Whitney make the cotton gin?

notting


How did Eli Whitney help make cotton king in the south?

By inventing cotton gin.


Did Thomas Jefferson make the cotton gin?

No, the cotton gin was invented by Eli Whitney.


When did Eli Whitney make the cotton gin?

1793 <3


How did the cotton gin make Eli Whitney rich?

notting


How did Eli Whitney make are state better?

He created the Cotton Gin to help clean cotton.