How Cotton Industry Contributes in the US Economy

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Around the globe, cotton belongs to the one of the most important crops. Approximately, 130 nations manufactured cotton during 2000, and it is projected that the crop was planted on 2.5 percent of the globe’s arable land zone, enabling it to become one of the most crucial in terms of land use after food grains and soybeans. In developing nations, like the United States, it accounts for approximately three percent of the total crop area. Cotton is manufactured for different reasons such as meeting people's basic wants and needs, distributing to achieve foreign exchange, or manufacturing textiles for exports. Cotton is a good cash resource for millions of farmers. Moreover, around 70 countries compete in producing cotton, and the top three countries in producing cotton are the United State, China, and Britain. Furthermore, cotton is a huge traded agricultural product. Approximately 170 nations were engaged in the export or import of cotton. By the export of textiles, cotton increases countries economic growth. Producing cotton requires a body of labors when there is a demand. In addition technology innovations increased productivity which lowered cotton prices and increased demand for cotton. Moreover, the United states is the largest cotton exporter, thanks to the economic system which provides incentives to the United States labor. Therefore, the economic system is the most important factor in increasing cotton production. In addition, the four factors that helped the cotton industry in the United States to achieve economic success are labor, technology, Lubbock city, and the economic system. Cotton and Labor In 1973, the discovery of the cotton gin machine by Eli Whitney helped farmers to separate cotton from its ... ... middle of paper ... ...voli, Pietra. The Travels of a T-Shirt in a Global Economy: Second Edition. Hoboken, New Jersey: Johhn Wiley and Sons, Inc. 2009. Print John C. Calhoun, "Speech on Slavery," U.S. Senate, Congressional Globe, 24th Congress, 2nd Sess (Feb. 6, 1837), 157–59. http://caho-test.cc.columbia.edu/ps/10157.html Impact on Habitat & Biodiversity. Cotton Today. Retrieved from: http://cottontoday.cottoninc.com/natural-resources/habitat-biodiversity/. Retrieved 13 March 2014. Vic Schoonover. New harvesting technology helps cotton farmers control expenses. HPJ.com. http://www.hpj.com/archives/2013/sep13/sep16/0627CottonHarvestTechsr.cfm. Retrieved 13 March 2014. An Overview of the Safety and Advantages of GM Foods. Monsanto.com. Retrieved from: http://www.monsanto.com/newsviews/pages/biotech-safety-gmo-advantages.aspx . Retrieved 13 March 2014.

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