Explain How and Why Cotton Became So Important,not Only in the South,but

question 30

Essay

Explain how and why cotton became so important,not only in the South,but also to the larger American economy.

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Definitions:

Liquidity

The ability of an asset to be quickly converted into cash with minimal loss of value.

Efficiency

A measure of how effectively resources are used to achieve a goal or perform a process, often with minimal waste or time.

Short-term Obligations

Financial commitments or debts that are due to be paid within one year.

Past Performance

A review of an entity's previous achievements and results, often used to predict future success or potential.