* Cotton was a major cash crop for the United States. In the 1930s, cotton accounted for nearly half of all U.S. agricultural exports. This made cotton a vital part of the U.S. economy, especially in the South, where it was the primary source of income for many farmers.
* Cotton was also a major source of employment in the United States. The cotton industry employed millions of people in the 1930s, including farmers, sharecroppers, textile workers, and merchants. This made cotton an important part of the U.S. economy, especially in the South, where it was the largest employer.
* The decline in cotton prices during the Great Depression had a devastating impact on the U.S. economy. The price of cotton fell by more than 50% between 1929 and 1932. This caused farmers to lose money, which led to a decrease in demand for goods and services. This, in turn, led to job losses and a decline in economic activity.
* The U.S. government took a number of steps to help the cotton industry during the Great Depression. These steps included providing loans to farmers, subsidizing the price of cotton, and creating new jobs in the cotton industry. These measures helped to stabilize the cotton industry and protect the livelihoods of millions of Americans.
The cotton industry was still a vital part of the U.S. economy in the 1930s. However, the Great Depression caused a sharp decline in cotton prices, which had a devastating impact on the industry and the U.S. economy as a whole. The U.S. government took a number of steps to help the cotton industry during the Great Depression, which helped to stabilize the industry and protect the livelihoods of millions of Americans.