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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.
Where do the textile industries get the silk or cotton as a raw material?
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What is the difference between forward linkages and backward linkages?
Backward linkages can be defined as "the growth of an industry leads to the growth of the industries that supply inputs to it". As in the case of cotton industry, growth of the textile industry may support the growth of the cotton industry, which will lead to higher incomes for cotton farmers and will create a greater demand for goods and services in the countryside Forward linkages exist when the growth of an industry leads to the growth of other industries that uses its output as input. The final product of cotton goes to consumers either through retailers or through manufacturers who open up their own shops to directly sell to consumer, thereby minimising the role of retailers in the channel process. A company can minimize cost of production and can maximize revenue when both backward and forward linkages work together in effective way.
Why did the cotton industry disappear?
The cotton industry has not disappeared. Cotton is more popular than ever, due to the organic movement. Many people prefer cotton over other materials.
What caused England to become the leading textile producer in the 18Th Century?
Making cloth was the first type of manufacturing to benefit from the inventions of the 18th Century. During this period of the industrial revolution, England had the advantage of English inventors that sped up textile production and allowed England to be the world's leader. Here are some important inventors in England that impacted the textile industry: A. John Kay invented the Flying shuttle in 1733; B. James Hargreaves invented the Spinning jenny in 1764; C. Richard Arkwright invented the Water frame in 1769; D. Samuel Crompton invented the Spinning mule in 1779; and E. Edward Cartwright invented the Power loom in 1785. These English inventors were key to the English dominance in the textile industry.
