Empire of Cotton

Empire of Cotton
Author: Sven Beckert
Publisher: Vintage
Total Pages: 642
Release: 2015-11-10
Genre: History
ISBN: 0375713964

WINNER OF THE BANCROFT PRIZE • A Pulitzer Prize finalist that's as unsettling as it is enlightening: a book that brilliantly weaves together the story of cotton with how the present global world came to exist. “Masterly … An astonishing achievement.” —The New York Times The empire of cotton was, from the beginning, a fulcrum of constant global struggle between slaves and planters, merchants and statesmen, workers and factory owners. Sven Beckert makes clear how these forces ushered in the world of modern capitalism, including the vast wealth and disturbing inequalities that are with us today. In a remarkably brief period, European entrepreneurs and powerful politicians recast the world’s most significant manufacturing industry, combining imperial expansion and slave labor with new machines and wage workers to make and remake global capitalism.

The Fragile Fabric of Union

The Fragile Fabric of Union
Author: Brian D. Schoen
Publisher: JHU Press
Total Pages: 384
Release: 2009-10-01
Genre: History
ISBN: 0801897815

Winner, 2010 Bennett H. Wall Award, Southern Historical Association In this fresh study Brian Schoen views the Deep South and its cotton industry from a global perspective, revisiting old assumptions and providing new insights into the region, the political history of the United States, and the causes of the Civil War. Schoen takes a unique and broad approach. Rather than seeing the Deep South and its planters as isolated from larger intellectual, economic, and political developments, he places the region firmly within them. In doing so, he demonstrates that the region’s prominence within the modern world—and not its opposition to it—indelibly shaped Southern history. The place of “King Cotton” in the sectional thinking and budding nationalism of the Lower South seems obvious enough, but Schoen reexamines the ever-shifting landscape of international trade from the 1780s through the eve of the Civil War. He argues that the Southern cotton trade was essential to the European economy, seemingly worth any price for Europeans to protect and maintain, and something to defend aggressively in the halls of Congress. This powerful association gave the Deep South the confidence to ultimately secede from the Union. By integrating the history of the region with global events, Schoen reveals how white farmers, planters, and merchants created a “Cotton South,” preserved its profitability for many years, and ensured its dominance in the international raw cotton markets. The story he tells reveals the opportunities and costs of cotton production for the Lower South and the United States.

Losing the Thread

Losing the Thread
Author: Jim Powell
Publisher:
Total Pages: 256
Release: 2021-02-28
Genre: History
ISBN: 1789622492

This is the first full-length study of the effect of the American Civil War on Britain's raw cotton trade and on the Liverpool cotton market. It includes an analysis of primary sources never used by historians. Before the civil war, America supplied 80 per cent of Britain's cotton. In August 1861, this fell to almost zero, where it remained for four years. Despite increased supplies from elsewhere, Britain's largest industry received only 36 per cent of the raw material it needed from 1862-64. This book establishes the facts of Britain's raw cotton supply during the war: how much there was of it, in absolute terms and related to the demand, where it came from and why, how much it cost, and what effect the reduced supply had on Britain's cotton manufacture. It includes an enquiry into the causes of the Lancashire cotton famine, which contradicts the historical consensus on the subject. Examining the impact of the civil war on Liverpool and its raw cotton market, this thought-provoking book demonstrates how reckless speculation infested and distorted the market, and lays bare the shadowy world of the Liverpool cotton brokers, who profited hugely from the war while the rest of Lancashire starved.

The Consequences of Cotton in Antebellum America

The Consequences of Cotton in Antebellum America
Author: William J. Phalen
Publisher: McFarland
Total Pages: 211
Release: 2014-04-04
Genre: History
ISBN: 0786477008

In 1846, political economist Karl Marx wrote that "without cotton, you have no modern industry." Indeed, before the American Civil War, cotton brought wealth, power and prosperity to both America and Europe. Giant industries in the northern U.S., extensive shipping networks up and down the Atlantic Coast and to Europe, new inventions and revised applications of old machines--all sprang from the success of King Cotton. This thoughtful study traces the impact of southern cotton on most of the important facets of life in antebellum America, including employment, international relations, agriculture, shipping, the U.S. economy, Native American relations, and the subjugation of humans. This one plant fashioned the way of life of the South and profoundly affected the destiny of the entire American people.

Cotton and Race in the Making of America

Cotton and Race in the Making of America
Author: Gene Dattel
Publisher: Government Institutes
Total Pages: 433
Release: 2009-09-16
Genre: History
ISBN: 1442210192

Since the earliest days of colonial America, the relationship between cotton and the African-American experience has been central to the history of the republic. America's most serious social tragedy, slavery and its legacy, spread only where cotton could be grown. Both before and after the Civil War, blacks were assigned to the cotton fields while a pervasive racial animosity and fear of a black migratory invasion caused white Northerners to contain blacks in the South. Gene Dattel's pioneering study explores the historical roots of these most central social issues. In telling detail Mr. Dattel shows why the vastly underappreciated story of cotton is a key to understanding America's rise to economic power. When cotton production exploded to satiate the nineteenth-century textile industry's enormous appetite, it became the first truly complex global business and thereby a major driving force in U.S. territorial expansion and sectional economic integration. It propelled New York City to commercial preeminence and fostered independent trade between Europe and the United States, providing export capital for the new nation to gain its financial "sea legs" in the world economy. Without slave-produced cotton, the South could never have initiated the Civil War, America's bloodiest conflict at home. Mr. Dattel's skillful historical analysis identifies the commercial forces that cotton unleashed and the pervasive nature of racial antipathy it produced. This is a story that has never been told in quite the same way before, related here with the authority of a historian with a profound knowledge of the history of international finance. With 23 black-and-white illustrations.

Clashing Over Commerce

Clashing Over Commerce
Author: Douglas A. Irwin
Publisher: University of Chicago Press
Total Pages: 873
Release: 2017-11-29
Genre: Political Science
ISBN: 022639901X

A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs

Trading with the Enemy

Trading with the Enemy
Author: Philip Leigh
Publisher:
Total Pages: 200
Release: 2022-05-30
Genre: Business & Economics
ISBN: 9781594163876

The Impact of Illicit Trade Between the North and South During the Civil War While Confederate blockade runners famously carried the seaborne trade for the South during the American Civil War, the amount of Southern cotton exported to Europe was only half of that shipped illicitly to the North. Most went to New England textile mills where business "was better than ever," according to textile mogul Amos Lawrence. Rhode Island senator William Sprague, a mill owner and son-in-law to Treasury Secretary Salmon P. Chase, was a member of a partnership supplying weapons to the Confederacy in exchange for cotton. The trade in contraband was not confined to New England. Union General William T. Sherman claimed Confederates were supplied with weapons from Cincinnati, while General Ulysses S. Grant captured Rebel cavalry armed with carbines purchased in Union-occupied Memphis. During the last months of the war, supplies entering the Union-controlled port of Norfolk, Virginia, were one of the principal factors enabling Robert E. Lee's Confederate army to avoid starvation. Indeed, many of the supplies that passed through the Union blockade into the Confederacy originated in Northern states, instead of Europe as is commonly supposed. Merchants were not the only ones who profited; Union officers General Benjamin Butler and Admiral David Dixon Porter benefited from this black market. President Lincoln admitted that numerous military leaders and public officials were involved, but refused to stop the trade. In Trading with the Enemy: The Covert Economy During the American Civil War, New York Times Disunion contributor Philip Leigh recounts the little-known story of clandestine commerce between the North and South. Cotton was so important to the Northern economy that Yankees began growing it on the captured Sea Islands of South Carolina. Soon the neutral port of Matamoras, Mexico, became a major trading center, where nearly all the munitions shipped to the port--much of it from Northern armories--went to the Confederacy. After the fall of New Orleans and Vicksburg, a frenzy of contraband-for-cotton swept across the vast trans-Mississippi Confederacy, with Northerners sometimes buying the cotton directly from the Confederate government. A fascinating study, Trading with the Enemy adds another layer to our understanding of the Civil War.

Cotton is King

Cotton is King
Author: David Christy
Publisher:
Total Pages: 232
Release: 1855
Genre: Cotton growing
ISBN: