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Cotton Incorporated is a not-for-profit organization funded by cotton growers in the United States through per-bale assessments on producers and importers levied by the Cotton Board, [1] which reports to the United States Department of Agriculture. The Cotton Research and Promotion Act of 1966 enabled the establishment of Cotton Incorporated in ...
The textile industry, once concentrated in New England with outposts in New Jersey and Philadelphia, had started moving South in the 1880s.By 1933 Southern mills produced more than seventy percent of cotton and woolen textiles in more modern mills, drawing on the pool of dispossessed farmers and laborers willing to work for roughly forty percent less than their Northern counterparts.
The cotton industry played a significant role in the development of the American economy, with the production of cotton being the major source of income for slave owners in the southern United States prior to the Civil War, while the transport of said cotton to English and French mills and beyond became a mainstay of Northern shipping.