The Cotton Economy 
p. 299-307
Rise of King Cotton 
 Tobacco: the first choice in the South! 
 Problems: 
 Prices subject to frequent depressions 
 One went from 1820’s-1850’s 
 Wore out the Soil 
 Thus, farmers in VA, MD, NC switched to other crops 
 Wheat
Rise of King Cotton 
 Rice: 
 Mainly in SC, GA, FL 
 More stable, more lucrative 
 Demanded high amounts of irrigation 
 9-month growing season! 
 Competition w/ Caribbean sugar 
 Restricted to a very small geographic area
Rise of King Cotton 
 Sugar: 
 Along the gulf coast (LA and TX) 
 Quite profitable 
 Required intensive labor 
 Also a long growing season
Rise of King Cotton 
 Failures or limitations of the other crops led to 
COTTON! 
 Hardy, could grow successfully in variety of climates 
 Variety of soils 
 Cotton gin made processing cotton much easier 
 Demand grew very quickly 
 1st English textile mills 
 2nd New England’s textile mills
Rise of King Cotton 
 Production spread into SC, GA, AL, MS, LA, TX, AR 
 Prices were up and down, but overall profitable 
 By Civil War, cotton was 2/3 of the total export trade of 
the entire US! 
 $200 million/year; “cotton is king”
Shift in Slave Population 
 Dramatic increase in number of slaves in South 
 As cotton production moved west, slavery went with it 
 Also, a migration of slaves from Upper South to Deep 
South 
 See maps on p. 301
Southern Trade and Industry 
 Manufacturing developed very slowly in south 
 Total value of textile production in South was only 2% of 
value of cotton exports! 
 Easy to see why South stayed with cotton! 
 Merchants found buyers for cotton, brokers or factors 
 Rudimentary banking system 
 What do we know about the inadequate transportation 
system? Volunteers to discuss? 
 “Economic subordination” of the South to the North???
The South’s “Colonial 
Dependency” 
 Why didn’t the South develop a larger 
industrial/commercial economy? 
 Why did it remain so different from the North?
The South’s “Colonial 
Dependency” 
 Large profits from agriculture 
 Capital invested in land & slaves 
 Increased dependency on slavery 
 Climate not suitable for industry??? 
 Some claimed Southerners lacked a strong work ethic 
 What do you think? 
 A distinct way of life; the Southern way; elegance, chivalry; 
time moved slower 
 Disdain for Yankees, rapid growth
Scarlett from Gone with the 
Wind, 1939
White Society in the South 
 Only a small minority in South owned slaves 
 Only about 6% in 1850 
 The number changes somewhat when you consider that 
each family had 5 members in it, so the number was 
actually about 25% of homeowners had slaves 
 Those who did own slaves typically had only a few 
 Yeoman farmers are the majority in the antebellum 
South
Time to Share 
 I will draw a name out, and you will have to share on 
the following information: 
 Planter Aristocracy & the Cavalier Myth 
 Plantation Management 
 Aristocratic Values—Honor & Chivalry 
 Subordinate Status of Women/The Southern Lady
Brooks & Sumner in 
Congress
Time to Share 
 More sharing! 
 Other burdens 
 Limited educational opportunities 
 Hill people 
 Close relations with the plantation aristocracy 
 Commitment to paternalism 
 Limited class conflict

The Cotton Economy

  • 1.
    The Cotton Economy p. 299-307
  • 2.
    Rise of KingCotton  Tobacco: the first choice in the South!  Problems:  Prices subject to frequent depressions  One went from 1820’s-1850’s  Wore out the Soil  Thus, farmers in VA, MD, NC switched to other crops  Wheat
  • 3.
    Rise of KingCotton  Rice:  Mainly in SC, GA, FL  More stable, more lucrative  Demanded high amounts of irrigation  9-month growing season!  Competition w/ Caribbean sugar  Restricted to a very small geographic area
  • 4.
    Rise of KingCotton  Sugar:  Along the gulf coast (LA and TX)  Quite profitable  Required intensive labor  Also a long growing season
  • 5.
    Rise of KingCotton  Failures or limitations of the other crops led to COTTON!  Hardy, could grow successfully in variety of climates  Variety of soils  Cotton gin made processing cotton much easier  Demand grew very quickly  1st English textile mills  2nd New England’s textile mills
  • 6.
    Rise of KingCotton  Production spread into SC, GA, AL, MS, LA, TX, AR  Prices were up and down, but overall profitable  By Civil War, cotton was 2/3 of the total export trade of the entire US!  $200 million/year; “cotton is king”
  • 7.
    Shift in SlavePopulation  Dramatic increase in number of slaves in South  As cotton production moved west, slavery went with it  Also, a migration of slaves from Upper South to Deep South  See maps on p. 301
  • 8.
    Southern Trade andIndustry  Manufacturing developed very slowly in south  Total value of textile production in South was only 2% of value of cotton exports!  Easy to see why South stayed with cotton!  Merchants found buyers for cotton, brokers or factors  Rudimentary banking system  What do we know about the inadequate transportation system? Volunteers to discuss?  “Economic subordination” of the South to the North???
  • 9.
    The South’s “Colonial Dependency”  Why didn’t the South develop a larger industrial/commercial economy?  Why did it remain so different from the North?
  • 10.
    The South’s “Colonial Dependency”  Large profits from agriculture  Capital invested in land & slaves  Increased dependency on slavery  Climate not suitable for industry???  Some claimed Southerners lacked a strong work ethic  What do you think?  A distinct way of life; the Southern way; elegance, chivalry; time moved slower  Disdain for Yankees, rapid growth
  • 11.
    Scarlett from Gonewith the Wind, 1939
  • 12.
    White Society inthe South  Only a small minority in South owned slaves  Only about 6% in 1850  The number changes somewhat when you consider that each family had 5 members in it, so the number was actually about 25% of homeowners had slaves  Those who did own slaves typically had only a few  Yeoman farmers are the majority in the antebellum South
  • 13.
    Time to Share  I will draw a name out, and you will have to share on the following information:  Planter Aristocracy & the Cavalier Myth  Plantation Management  Aristocratic Values—Honor & Chivalry  Subordinate Status of Women/The Southern Lady
  • 14.
    Brooks & Sumnerin Congress
  • 15.
    Time to Share  More sharing!  Other burdens  Limited educational opportunities  Hill people  Close relations with the plantation aristocracy  Commitment to paternalism  Limited class conflict