Summary:
"The Fabric of Civilization" by Guaranty Trust Company of New York is a historical account written in the early 20th century. The book provides a comprehensive survey of the cotton industry in the United States, exploring its significant impact on the economy and society. It examines the various aspects of cotton production, from cultivation to manufacturing, aiming to present readers with a thorough understanding of this vital industry and its global influence. At the start of the work, the importance of cotton is highlighted as a driving force in shaping civilizations and economies worldwide. The opening chapters outline the historical shifts in cotton production and the renowned innovations, such as the cotton gin invented by Eli Whitney, which revolutionized the industry. The text discusses the growth of the cotton industry in the U.S., emphasizing its role as the primary source of raw cotton for global markets, and notes the complexities of cultivation and production methodologies involved in the cotton economy. This foundation sets the stage for exploring detailed market structures, global trade dynamics, and the economic relevance of cotton in subsequent chapters. (This is an automatically generated summary.)