Economic Aspects of the War;
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The total cotton value is thus often as large STARTING COTTON MOVEMENT 113 in years of partial crop failure as in years of heavy yield. The twelve million bales of 1910 were worth $100,000,000 more than the 16,250,000 bales of 1911. But if the foreign market or any essential part of it is closed, ruinously low prices greet every participant in the crop. In the midst of apparent plenty, everyone is in want.
Such a result in the South was brought about in the fall of 1914, because of the European... War.
England, the largest consumer of our cotton, nor- mally takes 3,500,000 bales per year, over one-third of our total cotton exports. Germany and Austria come next and normally take from 2,500,000 to 3,000,000 bales of cotton, nearly one-third of our exports. The war would inevitably have affected the cotton trade adversely. But the effect was accentuated by the threatening attitude of England towards our commerce, which kept the German market for cotton closed until the winter months.
The pressure in the South of those 3,000,000 bales, for which exit was long denied, helped force the price of cotton down to 6 cents per pound.
What to read after Economic Aspects of the War;?
You can find similar books in the "Read Also" column, or choose other free books by Clapp, Edwin Jones, 1881- [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The total cotton value is thus often as large STARTING COTTON MOVEMENT 113 in years of partial crop failure as in years of heavy yield. The twelve million bales of 1910 were worth $100,000,000 more than the 16,250,000 bales of 1911. But if the foreign market or any essential part of it is closed, ruinously low prices greet every participant in the crop. In the midst of apparent plenty, everyone is in want.
Such a result in the South was brought about in the fall of 1914, because of the European... War.
England, the largest consumer of our cotton, nor- mally takes 3,500,000 bales per year, over one-third of our total cotton exports. Germany and Austria come next and normally take from 2,500,000 to 3,000,000 bales of cotton, nearly one-third of our exports. The war would inevitably have affected the cotton trade adversely. But the effect was accentuated by the threatening attitude of England towards our commerce, which kept the German market for cotton closed until the winter months.
The pressure in the South of those 3,000,000 bales, for which exit was long denied, helped force the price of cotton down to 6 cents per pound.
What to read after Economic Aspects of the War;?
You can find similar books in the "Read Also" column, or choose other free books by Clapp, Edwin Jones, 1881- [from Old Catalog] to read onlineMoreLess
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