FREE BOOKS

Author's List




PREV.   NEXT  
|<   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50  
51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   >>   >|  
vention in history ever so suddenly transformed an industry and created enormous wealth. Eight years before Whitney's invention, eight bales of cotton, landed at Liverpool, were seized on the ground that so large a quantity of cotton could not have been produced in the United States. The year before that invention the United States exported less than one hundred and forty thousand pounds of cotton; the year after it, nearly half a million pounds; the next year over a million and a half; a year later still, over six million; by 1800, nearly eighteen million pounds a year. And by 1845 the United States was producing producing seven-eighths of the world's cotton. Today the United States produces six to eight billion pounds of cotton annually, and ninety-nine per cent of this is the upland or green-seed cotton, which is cleaned on the Whitney type of gin and was first made commercially available by Whitney's invention.* * Roe, "English and American Tool Builders", pp. 150-51. More than half of this enormous crop is still exported in spite of the great demand at home. Cotton became and has continued to be the greatest single export of the United States. In ordinary years its value is greater than the combined value of the three next largest exports. It is on cotton that the United States has depended for the payment of its trade balance to Europe. Other momentous results followed on the invention of the cotton gin. In 1793 slavery seemed a dying institution, North and South. Conditions of soil and climate made slavery unprofitable in the North. On many of the indigo, rice, and tobacco plantations in the South there were more slaves than could be profitably employed, and many planters were thinking of emancipating their slaves, when along came this simple but wonderful machine and with it the vision of great riches in cotton; for while slaves could not earn their keep separating the cotton from its seeds by hand, they could earn enormous profits in the fields, once the difficulty of extracting the seeds was solved. Slaves were no longer a liability but an asset. The price of "field hands" rose, and continued to rise. If the worn-out lands of the seaboard no longer afforded opportunity for profitable employment, the rich new lands of the Southwest called for laborers, and yet more laborers. Taking slaves with them, younger sons pushed out into the wilderness, became possessed of great tracts of fertile land, and bu
PREV.   NEXT  
|<   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50  
51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   >>   >|  



Top keywords:

cotton

 

United

 
States
 

pounds

 

million

 
invention
 

slaves

 

enormous

 

Whitney

 
producing

longer

 
laborers
 

slavery

 

continued

 

exported

 
machine
 

industry

 

wonderful

 

created

 

simple


vision
 

riches

 
transformed
 

separating

 

wealth

 

tobacco

 

plantations

 
indigo
 

climate

 

unprofitable


emancipating
 
profits
 

thinking

 
planters
 

profitably

 

employed

 

difficulty

 

vention

 
Taking
 
called

Southwest

 

employment

 

younger

 

fertile

 
tracts
 

possessed

 

pushed

 

wilderness

 
profitable
 

opportunity