If the prices for cotton increased during the Industrial Revolution, how would the increase affect the market for farm land?
score:1
This is more an economics question than a history one. The supply curve represents the relationship between supply and price, not the absolute value of supply.
If more people sell their land because of the increased price, it doesn't mean that the relationship change. But if more people want to sell their land with the same price (e.g. when people become afraid that price will crash in the future), then you can say that the supply curve "shifts to the right".
Illustration: see the curve below. There is more supply at B than A, but B and A are within the same curve.
Upvote:0
Yes cotton demand did make some farmland more valuable, but not all farmland.
In 1781 cotton spun amounted to 5.1 million pounds, which increased to 56 million pounds by 1800. In 1800 less than 0.1% of world cotton cloth was produced on machinery invented in Britain. In 1788 there were 50,000 spindles in Britain, rising to 7 million over the next 30 years.
The price of cotton did increase during the industrial revolution. Demand dramatically increased and this fueled the dramatic increase in cotton as a cash crop. It wasn't just farm land which would be necessary to supply the ever increasing demands of the automated looms of the early industrial revolution. It was farmlands with proximity to ports and roads so the cotton could be transported. This meant that centralized production had a huge advantages over smaller farmers. It was the large farms which mass produced farm goods which filled most of the demand for cotton. Those institutions which massed produced farm goods at the dawn of the industrial revolution were known as Plantations.
Prominent plantation crops included rubber, sugar cane, tobacco, figs, rice, kapok, sisal, and Indigofera, used to produce indigo dye. The demand for cotton would become one of the plantations greatest cash crops.
Yes cotton demand did make some farmland more valuable, but not all farmland. Just the large aristocratic farmers who were in a position to export cotton on the large scale that was required to meet demand.
More post
- 📝 How common is nostalgia for the colonial perod in countries which gained independence in the 20th century?
- 📝 Can you help identify this European military uniform and medals?
- 📝 Tomb for Charles V (of france) and Jeanne de Bourbon in Saint Denis?
- 📝 What attempts were made to limit Roman-era water pressure/flow 'theft' by code, pipe length, and expanders and by whom?
- 📝 Did Akhenaten's religion influence early Judaism?
- 📝 What happened to Justice, Nelson Mandela's cousin (or stepbrother)?
- 📝 Polytheism and war
- 📝 How did the king give land to new barons without taking it from the old ones?
- 📝 Did war chariots ever actually have blades on the wheel hubs?
- 📝 How was it possible for the Ukrainian SSR to be one of the founding members of the UN if it was basically a Province of the USSR?
- 📝 How would an American returning from international travel prove his citizenship before 1914?
- 📝 Did the American Founders Debate on the Relative Size of the Government?
- 📝 Was "the modern c**ktail" intended to mask the foul taste of Prohibition-era liquor?
- 📝 Who was the highest ranking spy ever?
- 📝 Where and when did the legend that the Auld Alliance dates back to 809 AD begin?
- 📝 Why were businesses operating as trusts at one point, and why did the practice fall out of favor?
- 📝 Does the T-34 tank engine use different strokes in the banks of the pistons?
- 📝 Why didn't the Moroccans try to explore and conquer the New World?
- 📝 Korean Traditional Clothes for each Dynasty
- 📝 Where were there growing economies in dark age Europe, excluding Iberia and Constantinople?
- 📝 What were the largest companies in the world before and after the Great Depression?
- 📝 When did blackouts occur in Cairo during WW2?
- 📝 Did the USSR invite other astronauts of Apollo 11 besides Armstrong?
- 📝 Which Catholic priests were given diplomatic missions?
- 📝 What was the wage of the soldiers serving in the CEF compared to the soldiers serving in the British army?
- 📝 How did various Islamic polities incentivise conversion?
- 📝 What was Hitler like in private?
- 📝 What post 18thC countries rulers escaped to a remote/separate region and hung on while the country collapsed under revolution?
- 📝 How did Mehmed II die?
- 📝 What was the currency in use in Palestine shortly before and during WWI?
Source: stackoverflow.com
Search Posts
Related post
- 📝 If the prices for cotton increased during the Industrial Revolution, how would the increase affect the market for farm land?
- 📝 Where did the demand for textiles during the industrial revolution come from?
- 📝 How many troops would the White Armies have had at their peak during the Russian Civil War?
- 📝 How was the safety of allied leaders ensured in transportation for conferences during WW2?
- 📝 Why did textile mill owners during the industrial revolution keep their factory windows closed?
- 📝 How many people were beheaded by the Guillotine in France during the French Revolution (1789-1794)?
- 📝 Index of importance / economic value various minerals during the Industrial Revolution
- 📝 How far would the average Silk Road caravan travel during the early reign of Justinian?
- 📝 Credible historic description of how the daily life was for the middle-class during the financial crisis of 1929
- 📝 How many ministerial deferments were there during WWII for the United States?
- 📝 What percentage of British people during the industrial revolution were rich?
- 📝 What's the Ancient Egyptian phrase/word for “Royal Road of Life”? And how would it have been spelt?
- 📝 In the Middle Ages - 18th century, how long would it take for a blacksmith forge a regular farming scythe to a war scythe?
- 📝 What were the reasons for the Renaissance / scientific revolution in Europe?
- 📝 How did the authorities not find the speakeasy clubs during the prohibition?
- 📝 During the breakup of the Soviet Union, on what basis was citizenship granted or withheld for each of the fifteen new republics?
- 📝 How did the Nazis plan to defeat America during World War II?
- 📝 How many people in the US starved to death during the Great Depression?
- 📝 How would a king's servants prove that they are on a task given by the king?
- 📝 What would have been the typical drinks for a US farmer in the late 18th/early 19th century?
- 📝 How beneficial were war bonds to the US during WWII
- 📝 In the Medieval period, how long would an average swordsmith need to forge an average sword?
- 📝 How did people deal with ice on the roads during the horse-and-buggy era?
- 📝 How difficult was to escape from a naval battle after engaging into one during the Age of Sail?
- 📝 How likely it is that a nobleman of the eighteenth century would give written instructions to his maids?
- 📝 How long would it take to cross the Channel in 1890's?
- 📝 How long did it take for a diplomat to travel between Berlin and Vienna in the 1770's?
- 📝 How did people have access to ice in warm areas before the industrial revolution?
- 📝 How come every culture on the planet has a different calendar, yet follow the same system for a week?
- 📝 What caused the imposition of strict celibacy for Catholic priests during the 11th century?