Cotton Economy
The "Cotton Economy" refers to the economic system that revolves around the production, processing, and trade of cotton, a versatile fiber used in textiles. This economy has historically played a significant role in various countries, particularly in the United States, where it was a major cash crop in the 19th century. The demand for cotton has driven agricultural practices, labor systems, and trade routes, influencing local and global markets.
In addition to agriculture, the cotton economy encompasses the entire supply chain, including spinning, weaving, and manufacturing processes. The rise of the Industrial Revolution further boosted cotton production, leading to the establishment of textile mills. Today, the cotton economy continues to impact economies worldwide, with countries like India and China being major producers and exporters.