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How Is Cotton Able To Industrialize

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Without Southern Cotton the North wouldn’t be able to industrialize, because cotton textile was one of the first industrially produced products and the most important commodity in the World Trade by the nineteenth century and three quarters of the world’s cotton came from American South. Although there were increasingly fewer slaves in the North as northern states outlawed slavery, cotton shipments overseas made northern merchants rich. Northern bankers financed the purchase of land for plantations. Northern insurance companies insured slaves who were considered as very valuable property.
Slave-based agriculture was so profitable that it siphoned money away from other economic endeavors.
However the most prominent effect of the slave based

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