Why did the cotton prices collapse in 1819?

Question

asked Nov 16, 2023 214k views

2 Answers

Slomo · Answer 1 · 2023-11-18T02:11:27+0000

Answer:

When cotton prices crashed in January 1819 after British investors switched to Indian cotton, land prices began dropping drastically and the panic began. The contraction of credit left many unable to repay their loans, leading to massive land foreclosures.

DONT HAVE A GOOD DAY
HAVE A GREAT DAY!

Kayla-

Kedar Mhaswade · Answer 2 · 2023-11-22T11:39:10+0000

Answer:Then U.S. cotton prices plummeted in January 1819 after British investors substituted to Indian cotton, a development that coincided with a general fall in demand for agricultural imports to Europe as European harvests improved.

Explanation:Hope it helps

Why did the cotton prices collapse in 1819?

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

Please log in or register to add a comment.

Please log in or register to add a comment.

Related questions

Categories

Other Questions