The Industrial Revolution in Cotton Spinning
J. Bradford DeLong
Source: Chris Freeman and Francisco Louca (2001), As Time Goes By: From the Industrial Revolutions to the Information Revolution (Oxford: Oxford University Press: 0199241074).
- The heroic age of the British Industrial Revolution saw a three-hundredfold decline in the real cost of spinning cotton.
- What had been one of the principal bottlenecks of the pre-industrial economy, and one of the principal non-agricultural occupations of humanity, became one of the cheapest and easiest parts of production.
- The extraordinary fall in the price of spinning cotton gave an extraordinary boost to demand for cotton--to the benefit of Indian farmers, Egyptian tax collectors, and American slaveholders.
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