the north
non market activities are the production for self- consumption and processing of primary product and own account production of fixed assets :)
Primary market is the initial step of market research in this we can analyse the market behavior of the market.
primary market is where the stocks are first sold and secondary market is where the rest of the business process continues.
The primary market is where companies initially sell their stocks or bonds to raise money, while the secondary market is where these securities are traded among investors. View this like selling a new product in a store (primary market) and then upscaling it to be resold in a second-hand market (secondary market). The primary market depends on the secondary market since it delivers a way for investors to easily buy and sell the securities they purchased originally. Without the secondary market, investors might be less eager to buy securities in the primary market since they wouldn't have a stress-free way to sell them later if desired.
The primary market is the market in which a security is originated, or first sold after issue. The proceeds of the sale go to the issuer. The secondary market is the subsequent market in which the security continues to trade, as it is passed from one investor to another. The primary market and the secondary market both constitute the capital market.
Britain
It was especially important for the southern US states and basically the reason for the Civil War. The southern States' economy almost totally depended on their cotton production and export. The southern USA was the #1 provider of cotton to the world, and that level of production and the need to keep prices competitive made slave labor necessary. During the Civil War cotton exports dwindled to almost nothing, and after the war the Southern States found that India and Egypt had taken over the cotton market. The loss of the cotton income made the southern States the poorest of the US, a situation that would endure until the economic boom that was WW 2.
The cotton gin, invented by Eli Whitney in 1793, revolutionized the cotton industry in the South, significantly boosting cotton production and profitability. By efficiently separating cotton fibers from seeds, it made processing much faster, leading to a dramatic increase in the amount of cotton that could be produced. This surge in cotton production fueled the Southern economy, reinforcing the reliance on slave labor and solidifying the region's position as a dominant player in the global cotton market. Consequently, the South became more economically dependent on cotton, which contributed to the tensions leading up to the Civil War.
The high demand for cotton after the Civil War created economic opportunities for Southern states by increasing profits from cotton production. However, it also posed challenges such as reliance on a single crop, which made the economy vulnerable to market fluctuations and limited diversification of industries.
non market activities are the production for self- consumption and processing of primary product and own account production of fixed assets :)
Yes, cotton can be grown in Maryland, particularly in the southern regions where the climate is more conducive to its cultivation. The state has seen a resurgence in cotton farming, especially with the introduction of new cotton varieties that are more adaptable to the local environment. However, factors such as soil health, market demand, and competition with other crops also play a significant role in cotton production in Maryland.
Eli Whitney's cotton gin which removes seeds from cotton made US cotton cheaper and improved its position on the world market.
It made cotton production in the US more profitable, and ended up increasing the market for slaves. This drove up the value of slaves and ended up in more slavery.
It is cheaper to dye white cotton to a desired color.Colored cotton has a lower yield.Colored cotton fibers were too short for industrial weaving.There was no market for environmentally friendly products.ALL OF THE ABOVE***
With the production of the Cotton gin cotton production grew. The reason being that with the cotton Gin work for many slaves became work for one. Reducing the amount of people needed to pluck cotton, they had more slaves to put on other cotton gins. The faster and easier work for the slaves made cotton production to boom.
*Primary Market?
Until a few years before, the southern Confederate States of the USA had controlled the huge market for cotton and were its main suppliers. The Civil War had put an end to that because of the Union's blockade of Southern ports. The world looked for a new supplier of cotton. India quickly developed its cotton-growing and producing industy, The opening of the Suez canal enormously shortened the voyage - and thereby significantly lowered the transport costs - and allowed India to take over the market from the Southern States.