Slavery was even dying before the cotton gin was invented. It’s inventor even thought it would end slavery; but ironically for him, it did the opposite.
Turns out if you can use less slaves to make the same amount of cotton, demand goes up and thus supply must too.
Slavery was even dying before the cotton gin was invented. It’s inventor even thought it would end slavery; but ironically for him, it did the opposite.
Turns out if you can use less slaves to make the same amount of cotton, demand goes up and thus supply must too.
Whoa. When you put of that way, it’s the Jevons Paradox again.