History of American Business: A Baruch College Blog

American Slavery and Cotton Production, 1785–1865

https://docs.google.com/spreadsheets/d/10_M16a_DeXfBW6AAFqwY_6d_bMVOwzba8r5EVV4_5iE/edit?hl=en&hl=en#gid=0

 

1780s

The tobacco industry was in deep trouble around the late 18th century. Cotton was more profitable than tobacco, rice, and sugar. Many planters shifted from those previous mentioned cash crops to cotton this occurred especially in the Deep South. Cotton was a labored intensive and the need for slaves grew immensely. The profits from cotton mad many planter rich. (The slave economy (article ) Khan Academy

The rising demand for raw cotton first came from England in the 1780’s, market for cheaply produced cloth.  These British manufacturers wielded a technical monopoly over the textile industry and offered high price to cotton farmers who best meet their needs.

Most importantly after experimenting with various types of cotton grown around the globe, these industrialists came to prefer a particular type of variety of the genus Gossypium. This type of variety grew well in the Deep South. (The Land of Enterprise by Benjamin C. Waterhouse)

1794

Eli Whitney was awarded the patented for the cotton gin. The cotton gin was able to separate the seeds from the cotton fibers. This automation changed the faced cotton production. This was serendipity for the planters who were seeking more profit from cotton. The cotton gin cut down the processing time needed to bring cotton to market.  This allowed slave owners to redirect their bondage workers so that could spend more time in the fields. (Eli Whitney and the Cotton Gin written Bill of Rights Institute)

1808

Congress abolishes the African slave trade this prohibit the importation of slaves into any port or place within the jurisdiction of the United States. Congress abolishes the African Slave trade) Since the end of transatlantic slave trade in the year of 1808 this caused a rush for slave labor.  There was a shortage and this caused slave traders to rummage throughout the south to buy and sell slaves. (Slave Sales Encyclopedia Virginia)

1812

The War of 1812 was against Great Britain and this caused the cotton pipeline to the English textile mills to evaporate.  However, this allowed the textile factories in the United States to grow.  New York and many other port cities developed factories and began to receive cotton from the south. This was a bonus because when the war ended American markets were on the same footing as the international markets. After the War of 1812 a large growth in manufacturing produced a cotton boom by mid-century and the main crop of the southern economy. (US History-Cotton is King: the Antebellum 1800-1860)

1830s

The Indian Removal act permitted the federal government to remove Native American from their home reservation with the purpose of selling it to southern planters. Native American lost land in southern Georgia, Alabama, Mississippi, and northern Louisiana. The main reason for this relocation was so that southern planters could buy the land cheap and grow cotton. Cotton was king and the world could not get enough of it. (Americanyawp.com text/11-cotton revolution/) The need for slaves grew to plant, cultivate, harvest and assist in all production of cotton.

1860s

The Civil War started on April 12, 1861 when Confederate army attacked the Union base at Fort Sumner, South Carolina.  In 1861 Great Britain declared neutrality in the war between the states.  King Cotton diplomacy was initiated by the Confederate forces to make Great Britain support their cause. This would have worked but Great Britain had a surplus of cotton from previous years and was able to survive the south’s cotton boycott.  Great Britain encouraged Egypt, Brazil and India to grow more cotton. The cotton boycott was effect by raising the price of cotton from 10 cents a pound in 1860 but by 1864 it increased to 1.89 a pound. The Civil War ended on April 9, 1865 when General Robert E. Lee surrendered at Appomattox Court House in Virginia. (www.historynet.com/civil-war-facts / Mississippi History Now Cotton and the Civil War

 

Timeline of The Transcontinental Railroads

https://cdn.knightlab.com/libs/timeline3/latest/embed/index.html?source=1OZq-lczMFoyO6j7qvVk1r9QSk8q1pFqtPLoCQWZstEQ&font=Default&lang=en&initial_zoom=2&height=650

Reference:

https://www.shmoop.com/study-guides/history/transcontinental-railroad/timeline

https://www.pbs.org/wgbh/americanexperience/features/tcrr-timeline/

https://www.up.com/heritage/steam-meet/index.htm

 

 

Blog 3

Blog 3

 

Relation And Relief 

 

The Great Depression had brought the American Economy to a halt; its beloved institutions were failing such as Banks, factories, and farms. FDR policies when enacted were questionable at best this is shown in the article when it states “The New Deal worked to solve the current crisis and prevent future catastrophe in America alone, by American methods, “with a minimum of relationship with the outside world, which was indeed to some degree part of American political tradition.”  The Roosevelt agenda grew by experiment: the parts that worked, stuck, no matter their origin. Indeed, the program got its name by just that process: Roosevelt used the phrase “new deal” when accepting the Democratic nomination for president, and the press liked it. (pg 1).” I assert it would not be until WW2 and the massive increases of production and spending previously unimaginable by scale did America manage to climb out of this slump. 

 

 It can also be frequently seen that Roosevelt tried to assure and garner the support of the people. His fireside chats explained to the public what decisions he was taking such as rescuing the banks. He passed the Emergency Banking Act and increased the amount of money printed by the Federal bank. The goal of these was to keep these banks operational and liquidity in the market up. Even the currency’s relation to the gold standard has been altered to the beliefs of people that Bankers were responsible for the economic mess Roosevelt had increased powers to act in financial affairs.

 Roosevelt was desperate to reach average Americans as the impacts of the policies he was making could not be felt by them. Thus he decided to launch massive public works project as a form of aid this is shown in the article when it states “The spring of 1935 brought a new Emergency Relief Appropriation Act, giving the president nearly $5 billion for relief projects including highways, conservation, irrigation, electrification, housing, sanitation, reforestation, flood control, and indeed almost any conceivable public good(pg 7).” These Fireside Chats banking regulations and increased government assistance were a myriad attempt to fix a failing economy which its citizens felt the hardest hit.  Economic troubles can be difficult to deal with and governments have to maintain the delicate balancing act, there was good which came of this. Such as the SEC to regulate wall street and the FDIC ensuring our money.

The Rise of Consumption and Consumerism in Postwar America

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Works Cited

https://www.history.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_620/MTcyNTQ5ODg1Mzc4MTc2MDgz/wwii-tank-factory-gettyimages-50694275.webp

https://www.history.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cq_auto:good%2Cw_1200/MTU3OTIzNjU0NDk4NzIzNDc0/the-pictures-that-defined-world-war-iis-featured-photo.jpg

http://www.golfbusiness.com/uploadedImages/Articles/2015/(10)_Oct/spendingpower.jpg

https://www.thoughtco.com/thmb/rbVeDVzRz1NAIWOPFZxb_QPOd4M=/768×0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/GettyImages-5639354091-9bacfa25a7a045859f76bf3a4fd1ab75.jpg

https://www.nationalww2museum.org/sites/default/files/styles/wide_medium/public/2022-03/primary%20image%20-%20Stephanie%20Hinnershitz.jpg?h=37f497a2

https://i.dailymail.co.uk/i/pix/2015/06/16/19/0085D65D00000258-0-image-a-11_1434478714424.jpg

https://i.etsystatic.com/20009534/r/il/b61583/3308581624/il_794xN.3308581624_ip1x.jpg https://icm.aexp-static.com/acquisition/card-art/NUS000000237_480x304_straight_withname.png

https://moneyinc.com/wp-content/uploads/2016/08/1957-Chevy-Bel-Air-Red.jpg

Cohen, Lizabeth. “Chapter 1: Depression: Rise of the Citizen Consumer.” A Consumers’ Republic: The Politics of Mass Consumption in Postwar America, Vintage Books, New York, NY, 2007.

Friedman, Walter A. “Chapter 8: Corporate America 1945-1980.” American Business History: A Very Short Introduction, Oxford University Press, New York, NY, 2020. “The Rise of American Consumerism.” PBS, Public Broadcasting Service,

https://www.pbs.org/wgbh/americanexperience/features/tupperware-consumer/. “Fortune 500: 1955 Archive Full List 1-100.” CNNMoney, Cable News Network,

https://money.cnn.com/magazines/fortune/fortune500_archive/full/1955/1.html.

 

Edward Lee final project

https://cdn.knightlab.com/libs/timeline3/latest/embed/index.html?source=1yQhnrOnwQlE_mlQQqg9YIGJAQy2nU2iOA7iMoSEieIk&font=Default&lang=en&initial_zoom=2&height=650

Work Cited

Levinson, Marc. “The World the Box Made.” In The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger – Second Edition with a New Chapter by the Author, REV-Revised, 2., 1–20, 392-396. Princeton University Press, 2016. https://doi.org/10.2307/j.ctvcszztg.5.

Britannica, T. Editors of Encyclopaedia. “containerization.” Encyclopedia Britannica, November 24, 2010. https://www.britannica.com/technology/containerization.

Hoover, Gary. “Malcolm McLean: Unsung Innovator Who Changed the World.” Business History – The American Business History Center, 21 Jan. 2021, https://americanbusinesshistory.org/malcolm-mclean-unsung-innovator-who-changed-the-world/.