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King Cotton and His Retainers
Financing and Marketing the Cotton
Crop of the South, 1800-1925

by Harold D. Woodman

Softcover, 386 pages, 6" x 9"
Copyright 1968, Published 1990
University of South Carolina Press

From the back of the book:
Although historians have acknowledged the dominant influence of cotton on the Southern economy, they have paid scant attention to the marketing of this staple crop. In this thorough study of the cotton factorage system of the Old South and the post-Civil War crop lien system, the author reveals not only the economic intricacies of the systems, but also their far-ranging effects on Southern political and social life. Economic dependency on cotton continued after the Civil War as the crop lien system and furnishing merchant displaced the factorage system-a consequence of the difficulties of financing a one-crop agrarian economy. For a century, "cotton was king, but he was a puppet monarch."

About the Author:
Harold D. Woodman is a native of Chicago. A graduate of Roosevelt University, he received his Ph.D. from the University of Chicago. An economic historian, Woodman has been a Professor in the Depart­ment of History at Purdue University since 1971. The author or editor of numerous books and articles, Woodman is a Fellow in the Society of American Historians.

Table of contents

Part One: The Cotton Factorage System
1. The Rise of Cotton Factorage
2. Selling the Crop
3. Providing Plantation Supplies and Credit
4. Banker, Bookkeeper, and Friend
5. Commissions, Service Charges, and Interest
6. Planter-Factor Relations: The Law, Tradition, and Expediency

Part Two: Storekeepers, Itinerants, and Bankers: Attendants to the Factor
7. The Country Storekeeper
8. Itinerant Merchants
9. Bankers and Planters
10. Bankers and Factors

Part Three: Cotton Marketing and the Southern Economy
11. The Need for Credit
12. The Dependent South
13. Cotton Factors and Storekeepers in a Dependent South
14. Bankers in a Dependent South
15. The Costs and Risks of Cotton Marketing
16. Cotton Factoring and Southern Economic Development: Conclusions

Civil War and After
Part Four: Wartime Cotton Trade
17. Business, Not Quite as Usual
18. Blockade-Running and Trade with the Enemy
19. Internal Trade and Speculation
20. Profits Realized - and Profits Lost

Part Five: Economic Reconstruction
21. The Return of King Cotton
22. The Resurrection of the Cotton Factorage System
23. The Decline of Cotton Factorage
24. The Furnishing Merchant

Part Six: Cotton Marketing and the Economy
25. An Agrarian "New South"
26. The Farmer's Quest for Economic Independence
27. The South Remains Dependent: Conclusions

Bibliographical Note

Book condition:
This is a new "remainder" book. A remainder is a book that may have been unsold by the publisher, or it may have been an "unsold" return from a bookstore. It may have minor shelf wear on the cover, or other mild imperfection. We do not ship books with major damage. No remainder mark.

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