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Q: THE PRICE OF COTTON 1800 - 2000: A TABLE ( Answered 5 out of 5 stars,   1 Comment )
Question  
Subject: THE PRICE OF COTTON 1800 - 2000: A TABLE
Category: Business and Money > Economics
Asked by: alkan-ga
List Price: $10.00
Posted: 26 Jun 2002 14:55 PDT
Expires: 26 Jul 2002 14:55 PDT
Question ID: 33770
A table giving the price per pound of cotton for each year during the
time period 1800 - 2000.  DO NOT ADJUST THE PRICES FOR INFLATION but
give the price in the dollars of the historical year pertinent. 
Domestic prices preferable but Liverpool prices a less preferred
alternate.
Answer  
Subject: Re: THE PRICE OF COTTON 1800 - 2000: A TABLE
Answered By: ozguru-ga on 09 Jul 2002 07:38 PDT
Rated:5 out of 5 stars
 
Dear alkan,

It has been a while with no answer at all, so I thought I would give
you what I had so far... Is this sufficient?

The price is not adjusted for inflation.

            :  Price  
        Year :-  per   
             :  Lbs     
             :  Cents  
        1876 :    9.71   
        1877 :    8.53   
        1878 :    8.16   
        1879 :   10.28   
        1880 :    9.83   
        1881 :   10.66   
        1882 :    9.12   
        1883 :    9.13   
        1884 :    9.19   
        1885 :    8.39   
        1886 :    8.06   
        1887 :    8.55   
        1888 :    8.50   
        1889 :    8.55   
        1890 :    8.59   
        1891 :    7.24   
        1892 :    8.34   
        1893 :    7.00   
        1894 :    4.59   
        1895 :    7.62   
        1896 :    6.66   
        1897 :    6.68   
        1898 :    5.73   
        1899 :    6.98   
        1900 :     9.2   
        1901 :     7.0   
        1902 :     7.6   
        1903 :   10.49   
        1904 :     9.0   
        1905 :   10.78   
        1906 :     9.6   
        1907 :   10.36   
        1908 :     9.0   
        1909 :   13.52   
        1910 :   13.96   
        1911 :    9.65   
        1912 :   11.50   
        1913 :   12.47   
        1914 :    7.35   
        1915 :   11.22   
        1916 :   17.36   
        1917 :   27.09   
        1918 :   28.88   
        1919 :   35.34   
        1920 :   15.89   
        1921 :   17.00   
        1922 :   22.88   
        1923 :   28.69   
        1924 :   22.91   
        1925 :   19.62   
        1926 :   12.49   
        1927 :   20.20   
        1928 :   17.98   
        1929 :   16.78   
        1930 :    9.46   
        1931 :    5.66   
        1932 :    6.52   
        1933 :   10.17   
        1934 :   12.36   
        1935 :   11.09   
        1936 :   12.36   
        1937 :    8.41   
        1938 :    8.60   
        1939 :    9.09   
        1940 :    9.89   
        1941 :   17.03   
        1942 :   19.05   
        1943 :   19.90   
        1944 :   20.73   
        1945 :   22.52   
        1946 :   32.64   
        1947 :   31.93   
        1948 :   30.38   
        1949 :   28.58   
        1950 :   40.07   
        1951 :   37.88   
        1952 :   34.59   
        1953 :   32.25   
        1954 :   33.61   
        1955 :   32.33   
        1956 :   31.75   
        1957 :   29.65   
        1958 :   33.23   
        1959 :   31.66   
        1960 :   30.19   
        1961 :   32.92   
        1962 :   31.90   
        1963 :   32.23   
        1964 :   31.07   
        1965 :   29.37   
        1966 :   21.75   
        1967 :   26.70   
        1968 :   23.11   
        1969 :   22.00   
        1970 :   21.98   
        1971 :   28.23   
        1972 :   27.30   
        1973 :   44.60   
        1974 :   42.90   
        1975 :   51.30   
        1976 :   64.10   
        1977 :   52.30   
        1978 :   58.40   
        1979 :   62.50   
        1980 :   74.70   
        1981 :   54.30   
        1982 :   59.60   
        1983 :   66.60   
        1984 :   58.90   
        1985 :   56.30   
        1986 :   52.40   
        1987 :   64.30   
        1988 :   56.60   
        1989 :   66.20   
        1990 :   68.20   
        1991 :   58.10   
        1992 :   54.90   
        1993 :   58.40   
        1994 :   72.00   
        1995 :   76.50   
        1996 :   70.50   
        1997 :   66.20   
        1998 :   61.70   
        1999 :   46.80   
        2000 :   51.60   
        2001 :   35.10   

Cornell University
http://usda.mannlib.cornell.edu/data-sets/crops/96120/

Regards,

Request for Answer Clarification by alkan-ga on 29 Jul 2002 18:07 PDT
Dear ozguru,

This is sufficient.  How do I close out this question and settle up?

Best regards

Alkan

Clarification of Answer by ozguru-ga on 29 Jul 2002 19:50 PDT
Dear alkan,

Thank you for your acceptance of the answer.

Here are a few more prices pieced together from the following
articles... apparently the pre-1862 prices experienced significant
disruptions with the "Panic of 1819"  and the affects of the Civil War
leading to at least two major boom/bust cycles.

North Carolina. General Assembly. House of Commons
A Bill to Limit the Production of Cotton and Tobacco in the Year 1864.
House Bill, No. 3, Ses. 1863
[Raleigh, N. C.}: W. W. Holden, Printer to the State, 1863. 2 p.

Alabama agricultural museum
http://www.alagmuseum.org/new_page_7.htm

Pacer, Robert, F., Cotton’s Importance to the South:1862 price
http://www.mcm.edu/~pacer/oldsouth/staples1/cotton/

Trumbore, Brian, Cotton – Eli Whitney Part 2
http://www.buyandhold.com/bh/en/education/history/2001/cotton2.html

1818	32.5
1819	14
1840-1850 < 10
1855	above 10
1856	15
1862	62 high

Various search strategies were followed (most unsuccessful): 
cotton price year : where year equalled 1800, 1875 etc) yielded the
most results.

I think, all that remains is to rate the answer.

Regards,

Request for Answer Clarification by alkan-ga on 30 Jul 2002 09:39 PDT
Dear ozguru,

Thanks for the additional prices.  I have gone ahead and rated the answer.

Best regards,
Alkan

Clarification of Answer by ozguru-ga on 30 Jul 2002 10:07 PDT
Thanks again.
alkan-ga rated this answer:5 out of 5 stars
This was a very difficult question.  The researcher managed to piece
together several sources to produce a servicable answer.

Comments  
Subject: Re: THE PRICE OF COTTON 1800 - 2000: A TABLE
From: elevener-ga on 30 Jun 2002 02:29 PDT
 
If you wiiling to pay, you can get information you need
at http://www.globalfindata.com/ site.

http://www.globalfindata.com/search/gfdtree.php3?mode=show_preview&id=3989
[
Cotton Spot Price
UNITED STATES
Currency:
United States Dollar
Monthly Data Begin:
Saturday, January 31, 1784
Weekly Data Begin:
Tuesday, January 2, 1979
Daily Data Begin:
Tuesday, January 2, 1979
]
Single file data request starting from 1800 costs $35.

You can see a sample of provided data at
http://www.globalfindata.com/trial/10028.php3
[Silver Cash Price]

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