answersLogoWhite

0

What else can I help you with?

Continue Learning about Economics

What are the advantages and disadvatages of cotton textile industry?

The cotton textile industry has several advantages, including its significant contribution to employment, especially in developing countries, and its role in generating export revenues. Additionally, cotton is a biodegradable and renewable resource, making it environmentally friendly compared to synthetic fibers. However, the industry also faces disadvantages, such as high water consumption and pesticide use in cotton farming, which can lead to environmental degradation and health issues. Furthermore, fluctuating cotton prices and labor exploitation can impact the livelihoods of workers in the sector.


Modes of procurement of cotton textile industry?

The cotton textile industry primarily utilizes several modes of procurement, including direct sourcing, which involves purchasing raw cotton directly from farmers or cooperatives. Additionally, companies may engage in auction-based procurement, where they bid for cotton in open markets. Vertical integration is another approach, allowing companies to control the supply chain by owning cotton farms or processing facilities. Lastly, partnerships with suppliers and long-term contracts help ensure consistent quality and supply while managing price volatility.


What did economic opportunities after the War of 1812 include?

Economic opportunities after the War of 1812 included growth of the textile industry in most places. This is what translated into the increased production of cotton.


What did textile mills do to the demand of cotton?

Textile mills significantly increased the demand for cotton during the Industrial Revolution by mechanizing the process of spinning and weaving. The introduction of machines like the spinning jenny and the power loom allowed for faster production of cotton textiles, which in turn fueled greater consumption. This surge in demand not only boosted cotton farming but also contributed to the expansion of the cotton industry, particularly in the Southern United States. Consequently, the reliance on cotton became a cornerstone of both the economy and the social fabric of the time.


Why did the factories in the north demand raw cotton for their machines?

Factories in the North demanded raw cotton primarily because it was essential for the textile industry, which relied heavily on cotton to produce fabric and clothing. The mechanization of textile production during the Industrial Revolution increased the need for large quantities of cotton to feed the machines efficiently. Access to raw cotton allowed Northern factories to maximize production and meet the growing consumer demand for cotton goods, driving economic growth in the region. Additionally, the profitability of cotton made it a key commodity in trade and manufacturing.