[wideawake]

The source is Amasa Walker, one of the founders of American macroeconomics, who did extensive studies on American exports.

In his book The Science Of Wealth his analysis of customs statistics reveals that US cotton exports in 1850 yielded $71MM in revenue and US cotton exports in 1860 yielded $191MM in revenue.

During the same period, bale production rose from 2.1M to 4.7M.

So prices of cotton increased more than 30% even while production increased by 170% - a pretty incredible growth in value.

[Michael.SF.]

Your math, and your earlier statements are wrong. I will site numerous sources, with links to refute it.

[Michael.SF.]

Hwere is a table on Cotton prices over the years. I found several other sources with comparable numbers:

Source:Slavery in America