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While cotton exports totaled only $5 million (seven percent of total U.S. exports) in 1800, they rose to $30 million in 1830 (41 percent of U.S. exports) and reached $191 million in 1860 (57 percent of total U.S. exports). By 1850, cotton consumption averaged five and a half pounds per person in Great Britain and the United States, in large part because the price of cotton textiles had fallen to roughly one percent of their cost in 1784...
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While cotton exports totaled only $5 million (seven percent of total U.S. exports) in 1800, they rose to $30 million in 1830 (41 percent of U.S. exports) and reached $191 million in 1860 (57 percent of total U.S. exports). By 1850, cotton consumption averaged five and a half pounds per person in Great Britain and the United States, in large part because the price of cotton textiles had fallen to roughly one percent of their cost in 1784...
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