How did plantation help planters in the south become wealthy?

Answer 1

It was the best way to grow large cash crops.

Answer 2

First of all, US plantations were large-scale operations, which is always useful when you are producing and selling bulk goods like cotton. Secondly, the market for cotton was growing enormously, prices for growers were great and as yet the southern US States had a virtual monopoly on production, which is always a good thing for for price and supply control.

Cost were kept relatively low since most of the workers were slaves who only cost room and board. The invention of the Cotton Gin enabled planters to get even much more production per slave than before.

After the start of the Civil War and the blockade by the North of the Confederates' harbours, the countries needing the cotton quickly started to look for other sources of cotton production. Egypt and India were quick to fill the gap and delivered good quality and - since they were competing - attractive prices. After the war, the Southerners found that they had simply lost their export market and good prices; and that was the end of the planters' wealth.

Answer 3

It was the best way to grow large cash crops

Answer 4

it was the best way to grow large cash crops

Answer 5

Large scale cotton operations, called plantations, made owners wealthy due to the demand for cotton nationwide and worldwide. The income earned made many of them wealthy.