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A "bale of cotton" is also the standard trading unit for cotton on the wholesale national and international markets. Although different cotton-growing countries have their bale standards, for example, In the United States, cotton is usually measured at approximately 0.48 cubic meters (17 cu ft) and weighs 226.8 kilograms (500 pounds). [6]
The main prewar agricultural products of the Confederate States were cotton, tobacco, and sugarcane, with hogs, cattle, grain and vegetable plots. Pre-war agricultural production estimated for the Southern states is as follows (Union states in parentheses for comparison): 1.7 million horses (3.4 million), 800,000 mules (100,000), 2.7 million dairy cows (5 million), 5 million sheep (14 million ...
By 1820, over 250,000 bales (of 500 pounds each) were exported to Europe, with a value of $22 million. By 1840, exports reached 1.5 million bales valued at $64 million, two thirds of all American exports. Cotton prices kept going up as the South remained the main supplier in the world. In 1860, the US shipped 3.5 million bales worth $192 million.
The southern cotton industry began to heavily influence the British economy. Cotton was a highly profitable cash crop, known in the 19th century as "white gold". [35] On the eve of the war, 1,390,938,752 pounds weight of cotton were imported into Great Britain in 1860.
[3] In doing so, the Confederacy hoped to gain valuable allies to fight alongside them during the Civil War, or to generate enough profit from cotton to sustain the war effort. In 1860, Europe consumed 3,759,480 bales of American cotton and held 584,280 bales of American cotton in reserve, compared to a mere 474,440 bales of East Indian cotton ...
Cotton Bale Size. Cotton lint is usually measured in bales, although there is no standard and the bale size may vary country to country. For example, in the United States it measures approximately 0.48 cubic metres (17 cu ft) and weighs 226.8 kg (500 lb). [3] In India, a bale equals 170 kg (370 lb). [4]
An 1862 newspaper illustration showing people queueing for food and coal tickets at a district Provident Society office. The Lancashire Cotton Famine, also known as the Cotton Famine or the Cotton Panic (1861–1865), was a depression in the textile industry of North West England, brought about by overproduction in a time of contracting world markets.
The final estimate of U.S. cotton production in 2012 was 17.31 million bales, [4] with the corresponding figures for China and India being 35 million and 26.5 million bales, respectively. [5] Cotton supports the global textile mills market and the global apparel manufacturing market that produces garments for wide use, which were valued at USD ...