Did Cotton Drive the Industrial Revolution

The British textile industry involved several fabrics, and before the industrial revolution, the dominant one was wool. However, cotton was a more versatile fabric, and during the Industrial Revolution cotton rose dramatically in importance, leading some historians to argue that the developments spurred by this burgeoning industry — technology, trade, transport — stimulated the whole revolution. Other historians have argued that cotton production wasn’t any more important than other industries which experienced rapid growth during the Industrial Revolution and that the size of the growth is distorted from the low starting point. Deane has argued that cotton grew from insignificance to a position of major importance in a single generation, and was one of the first industries to introduce mechanical / labor-saving devices and factories. However, she also agreed that the role of cotton in the economy has still been exaggerated, as it only affected other industries indirectly. For example, it took many decades to become a major coal user, yet coal production experienced change before then. Wool By 1750, wool was one of Britain’s oldest industries and the major source of wealth for the nation. This was produced by the ‘domestic system’, a vast network of local people working from their homes when they were not otherwise engaged in the agricultural sector. Wool would remain the main British textile until around 1800, but there were challenges to it in the first part of the eighteenth century. The Cotton Revolution As cotton began to come into the country, the British government passed a law in 1721 banning the wearing of printed fabrics, designed to restrict the growth of cotton and protect the wool industry. This was repealed in 1774, and demand for cotton fabric soon boomed. This steady demand caused people to invest in ways to improve production, and a series of technological advances throughout the late eighteenth century led to huge changes in the methods of production — including machines and factories — and stimulating other sectors. By 1833 Britain was using a huge amount of U.S. cotton production. It was among the first industries to use steam power, and by 1841 had half a million workers. The Changing Location of Textile Production In 1750 wool was produced largely in East Anglia, West Riding, and the West Country. The West Riding, in particular, was near both sheep, allowing local wool to save transport costs, and plentiful coal used to heat up the dyes. There were also many streams to use for watermills. In contrast, as wool declined and cotton grew, the major British textile production concentrated in South Lancashire, which was near Britain’s main cotton port of Liverpool. This region also had fast-flowing streams — vital at the start — and soon they had a trained workforce. Derbyshire had the first of Arkwright’s mills. From the Domestic System to the Factory The style of business involved in wool production varied across the country, but most areas used the ‘domestic system’, where the raw cotton was taken to many individual houses, where it was processed and then collected. Variations included Norfolk, where spinners would gather their raw materials and sell their spun wool to merchants. Once woven material had been produced this was marketed independently. The outcome of the revolution, facilitated by new machines and power technology, was large factories containing many people doing all the processes on behalf of an industrialist. This system did not form immediately, and for a while, you had ‘mixed firms’, where some work was done in a small factory — such as spinning — and then local people in their homes performed another task, such as weaving. It was only in 1850 that all cotton processes had been fully industrialized. Wool remained a mixed firm longer than cotton. The  Bottleneck in Cotton and Key Inventions Cotton had to be imported from the USA, whereupon it was blended to achieve a common standard. The cotton was then cleaned and carded to remove husks and dirt, and the product is then spun, weaved, bleached and died. This process was slow because there was a key bottleneck: spinning took a long time, weaving was much faster. A weaver could use a person’s entire weekly spinning output in one day. As demand for cotton rose higher, there was thus an incentive to speed this process up. That incentive would be found in technology: the flying shuttle in 1733, the spinning jenny in 1763, the water frame in 1769 and the power loom in 1785. These machines could operate more effectively if linked together, and sometimes demanded bigger rooms to operate in and more labor than one household could produce to maintain peak production, so new factories emerged: buildings where many people gathered to perform the same operation on a new ‘industrial’ scale. The Role of Steam In addition to cotton handling inventions, the steam engine allowed these machines to operate in large factories by producing plentiful, cheap energy. The first form of power was the horse, which was expensive to run but easy to set up. From 1750 to 1830 the water wheel became the essential source of power, and the prevalence of fast-flowing streams in Britain allowed demand to keep up. However, demand outstripped what water could still cheaply produce. When James Watt invented the rotary action steam engine in 1781, they could be used to produce a continuous source of power in the factories, and drive many more machines than water could. However, at this point steam was still expensive and water continued to dominate, although some mill owners used steam to pump water back uphill into their wheel’s reservoirs. In took until 1835 for steam power to really become the cheap source required, and after this 75% of factories used it. The move to steam was partly stimulated by the high demand for cotton, which meant factories could absorb the expensive setup costs and recoup their money. The Effect on Towns and Labor Industry, finance, invention, organization: all changed under the effects of cotton demand. Labour moved from spread out agricultural regions where they produced in their homes towards newly urbanized areas providing the manpower for new, and ever-larger factories. Although the booming industry allowed fairly decent wages to be offered — and this was often a powerful incentive — there were problems recruiting labor as cotton mills were at first isolated, and factories appeared new and strange. Recruiters sometimes circumvented this by building their workers new villages and schools or brought populations over from areas with widespread poverty. Unskilled labor was particularly a problem to recruit, as the wages were low. Nodes of cotton production expanded and new urban centers emerged. The Effect on America Unlike wool, the raw materials for cotton production had to be imported, and these imports had to be cheap and of a high enough quality. Both a consequence and an enabling factor of Britain’s rapid expansion of the cotton industry was an equally rapid growth in cotton production in the United States as plantation numbers soared. The costs involved declined after need and money stimulated another invention, the cotton gin. Economic Impacts Cotton is often cited as having pulled the rest of British industry along with it as it boomed. These are the economic impacts: Coal and Engineering: Only used coal to power steam engines after 1830; coal  was also used to fire bricks used in building the factories and new urban areas. Metal and Iron: Used in building the new machines and buildings. Inventions: Inventions in textile machinery helped to increase production by overcoming bottlenecks such as spinning, and in turn encouraged further development. Cotton Use: A growth in cotton production encouraged the growth of markets abroad, both for sale and purchase. Business: The complex system of transport, marketing, finance and recruiting was managed by businesses that developed new and larger practices. Transport: This sector had to improve to move raw materials and finished goods and consequently overseas transport improved, as did internal transport with canals and railways. Agriculture: Demand for people who worked in the agriculture sector; the domestic system either stimulated or benefited from rising agricultural production, which was necessary to support a new urban labor force with no time to work the land. Many out workers remained in their rural environments. Sources of Capital: As inventions improved and organizations increased, more capital was required to fund larger business units, and so sources of capital expanded beyond just your own families.

A Brief Note On Reverse Racism And Affirmative Action

Patrick Ho Browne ENGL 2 May 9, 2016 Opportunities We often hear people say things like â€Å"Oh, this person only got into that university because of they’re black† or â€Å"that person only got the promotion because people feel sorry for him or her.† This is a classic example of reverse racism. The most common case of reverse racism is when Caucasian people claim that policies like affirmative action gives people of color an advantage over them. However this is not true at all; what affirmative action was meant to do is allow minorities an equal opportunity relative to Caucasians. Statistically, most people that do not attend universities tend to come from low-income families, which tend to have a certain demographic. When someone comes from a low-income family, there are things that tend to take priority over education, like getting a job for example. When people don’t have an education they tend to not get jobs that pay well which creates a large pay gap between the lower and middle class. I be lieve with affirmative action, we can close this gap by providing minorities with an equal opportunity. Although there are arguments that can be made for rejecting affirmative action as unfair advantage akin to outright discrimination, the socioeconomic pressures and issues that affect the higher percentage of minorities (resulting in their poor representation in collegiate demographics), lends support for a system that takes these disadvantages into account and in doing so, aids inShow MoreRelated Universities Must Continue with the Race-sensitive Admissions Process3209 Words   |  13 Pagessupport the University of California’s move to reinstate affirmative action in its admissions policies. 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Bsp Money Supply Policy Free Essays

Supply of Money There are several definitions of the supply of money. M1 is narrowest and most commonly used. It includes all currency (notes and coins) in circulation, all checkable deposits held at banks (bank money), and all traveler’s checks. We will write a custom essay sample on Bsp Money Supply Policy or any similar topic only for you Order Now A somewhat broader measure of the supply of money is M2, which includes all of M1 plus savings and time deposits held at banks. An even broader measure of the money supply is M3, which includes all of M2 plus large denomination, long-term time deposits—for example, certificates of deposit (CDs) in amounts over $100,000. Most discussions of the money supply, however, are in terms of the M1 definition of the money supply. Banking business. In order to understand the factors that determine the supply of money, one must first understand the role of the banking sector in the money-creation process. Banks perform two crucial functions. First, they receive funds from depositors and, in return, provide these depositors with a checkable source of funds or with interest payments. Second, they use the funds that they receive from depositors to make loans to borrowers; that is, they serve as intermediaries in the borrowing and lending process. When banks receive deposits, they do not keep all of these deposits on hand because they know that depositors will not demand all of these deposits at once. Instead, banks keep only a fraction of the deposits that they receive. The deposits that banks keep on hand are known as the banks’ reserves. When depositors withdraw deposits, they are paid out of the banks’ reserves. The reserve requirement is the fraction of deposits set aside for withdrawal purposes. The reserve requirement is determined by the nation’s banking authority, a government agency known as the central bank. Deposits that banks are not required to set aside as reserves can be lent to borrowers, in the form of loans. Banks earn profits by borrowing funds from depositors at zero or low rates of interest and using these funds to make loans at higher rates of interest. How to cite Bsp Money Supply Policy, Papers