Significance of Cotton to the British Industry

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How significant to the British economy was the cotton industry in

the period up to 1914?

The cotton industry can be considered to be the biggest and the most important part of the textile industry at the time of the Industrial Revolution. It grew from practically nothing to the greatest industry in the country. This had a particularly large impact on a society, which had been economically quiet for a long time. Due to an increasing demand for cotton, even in poorer regions of the world, Britain began to benefit hugely from trade links. As Farnie claimed ‘The growth of exports..transformed the pattern of trade and provided the British Empire with a new economic base’.

From 1750-1830, retained imports of cotton increased from 2,820 thousand lb to 173 million lb. This staggering increase shows just how much of the British economy was accounted for by the cotton industry alone. Productivity improvements also continued at an average of 2.1% per annum in the spinning sector and 2.7% in weaving.

This incredible expansion can be partly due to the adoption of the factory system. Particularly in the case of the cotton industry, mechanical invention was rife. Machines of ever-increasing sophistication followed one another in an extraordinary succession. The factory system was set up particularly in Lancashire due to its easy access to the port in Liverpool. In addition, a population boom provided for factory owners a large new workforce. Furthermore, the permanently damp climate was ideal for the cotton fibre to remain easily manageable.

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In 1830, British textiles accounted for around two thirds of the country’s exports. This growth continued up to the beginning of the First World War. In 1850 Britain imported 589 million pounds of raw cotton and in 1913 this had risen to 2179 million pounds. This raw cotton was transformed into all kinds of different cloth for a wide range of purposes. 86% of all cotton cloth was exported in 1913. Lower quality cloth went to less well developed countries such as India and the middle east meanwhile good quality finished cloth was sent to Australia, Canada and China. ...

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