September 18, 2001

A Link to One of My Interesting Graphs...

The Industrial Revolution in Cotton Spinning 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... Posted by DeLong at September 18, 2001 09:52 PM | TrackBack

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