Textiles (5): Empire of Cotton (Sven Beckert) Flashcards

1
Q

What does John Benjamin Smith say about the cotton industry pre-civil war (1861)?

A

Was central to global economy and greatest industry ever.

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2
Q

How many people globally were involved in the cotton industry by 1862? Who dominated?

A

20 million people. UK dominated.

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3
Q

How much of US exports was cotton?

A

61%

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4
Q

What % of cotton did US supply to UK, France, Germany, and Russia?

A

UK - 77%
France - 90%
Germany - 60%
Russia - 92%

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5
Q

What drove US domination of cotton?

A

“Labour, land, and credit.” Fertile land, good export systems, slavery (elastic supply of labour) according to the Economist

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6
Q

What situation did the UK find itself in 1861 in relation to the US?

A

Was dependent on white gold coming from NY, New Orleans, and Charleston.

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7
Q

What did John Greenleaf Whittier mean when he called cotton the “Hashish of the West?”

A

Compared cotton industry to a drug that created grand illusions. Through cotton, Americans unjustly expanded an enslaved Black people.

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8
Q

What did Herman Merivale say about the UK’s wealth from cotton?

A

That their wealth was built on slavery and exploitation.

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9
Q

How did the world’s opinion change on slavery by 1850s?

A

Seen as economically needed but politically unstable. Fear of rebellion from slaves

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10
Q

What did the Manchester Cotton Supply Association call slavery?

A

A “treacherous foundation” for cotton economy.

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11
Q

How did the Civil War disrupt the cotton industry?

A

1861 - 1865. Severed global supply chain and created cotton famine.

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12
Q

What did the Confederate government try to do to force Britain to be on their side?

A

Put a ban on exporting to UK to create a shortage that would make the Brits support them.

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13
Q

Why did the Confederate’s strategy fail?

A

Northern blockades stopped shipments altogether.

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14
Q

Where did the UK turn to for cotton after slavery ended?

A

Egypt, Brazil, India

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15
Q

Who wrote about new strategies for cotton without slavery?

A

Edward Atkinson - Cheap Cotton by Free Labour in 1861.
William Holms - Free Cotton in 1862.

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16
Q

Why was state intervention necessary for the cotton industry post war?

A

To protect trade networks that stabilize the economy and make it politically legit.