Cotton After The War
During the Civil War, the cotton market had crashed to its lowest rate since the invention of the cotton gin, at only 300 thousand bales in 1864, after the war, that number slowly climbed up to its pre-war numbers.Buying and selling cotton after the war.
- The cotton industry was hit extremely hard by the civil war, and it took until 1878 to reach the production it had achieved before the war.
- It still relied on many laborers, many of which had been slaves, but they were now given wages.
- While the cotton production was at its high levels again, a lower demand for cotton resulted in a 30% decrease in profits.