Cotton Statistics: “Cotton is King”

The most used phrase to describe the U.S. economic growth of the 19thcentury was “Cotton Is King.” Based on the statistics of that period, I would say that the phrase sums the period up pretty well.

Cotton production in the United States gained a large share of the world market between the years of 1840 and 1860. The United States accounted for an average of 65.5% throughout that time. The next up would be India with an average of 16.6% following with the rest of Asia, which brought out an average of 7.9%. Continue reading “Cotton Statistics: “Cotton is King””