Question 70 The invention of the cotton gin affected agricultural production in the United States by decreasing the use of migrant workers. increasing the price of raw cotton. decreasing the South's use of pesticides. increasing the South's reliance on slave labor. 1 pts
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The question is asking about the impact of the invention of the cotton gin on agricultural production in the United States. The cotton gin, invented by Eli Whitney in 1793, was a machine that quickly and easily separated cotton fibers from their seeds, which Show more…
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Until the mid-eighteenth century when spinning became mechanized, cotton was an expensive and relatively unimportant textile (Virginia Postrel, "What Separates Rich Nations from Poor Nations?" New York Times, January 1,2004 ). Where it used to take an Indian hand-spinner 50,000 hours to hand-spin 100 pounds of cotton, an operator of a 1760 s-era hand-operated cotton mule-spinning machine could produce 100 pounds of stronger thread in 300 hours. When the self-acting mule spinner automated the process after $1825,$ the time dropped to 135 hours, and cotton became an inexpensive, common cloth. Was this technological progress neutral? In a figure, show how these technological changes affected isoquants.
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Which of the following statements about the southern economy before the Civil War is true? a) The slave population continued to grow as new slaves were imported from abroad. b) Slavery began to diminish after the invention of the cotton gin. c) The southern climate was ideal for the cultivation of cotton. d) Cotton was important in the South, but not to the nation as a whole.
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14. In early 2011 , even though cotton prices were high, cotton farmers in China began to hoard (rather than sell) most of the crop they had harvested, filling spare rooms and even living areas of their homes with cotton. Given the cost and inconvenience of storing large amounts of cotton rather than selling it, what could explain this behavior? [Hint: Review the section of this chapter on factors that shift the supply curve. Could this behavior explain why cotton prices were high during this period? Explain, using the concepts of supply and demand.
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