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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.


Why was cotton called a crash crop?

Cotton was referred to as a "cash crop" because it was grown primarily for sale rather than for personal consumption. Its high demand, particularly in the textile industry, made it a lucrative agricultural product, leading farmers to prioritize its cultivation. This focus on cash crops like cotton often influenced economic decisions and agricultural practices in regions where it was cultivated.