Tuesday, May 29, 2007

Savannah Cotton Trade


In 1793 Eli Whitney of Connecticut, who was tutoring on a plantation near Savannah, invented a mechanized means of "ginning" seeds from cotton bolls. Cotton soon became king, and Savannah, already a busy seaport, flourished under its reign. Waterfront warehouses were filled with "white gold," and brokers trading in the Savannah Cotton Exchange set world prices. The white gold brought in solid gold, and fine mansions were built in the prospering city.
In 1864 Savannahians surrendered their city to Union general Sherman rather than see it torched. Following World War I and the decline of the cotton market, the city's economy virtually collapsed, and its historic buildings languished for more than 30 years. Elegant mansions were razed or allowed to decay, and cobwebs replaced cotton in the dilapidated riverfront warehouses.
In 1955, Savannah's spirits rose again. News that the exquisite Isaiah Davenport House at Number 324 East State Street was to be destroyed prompted seven outraged ladies to raise money to buy the house. They saved it the day before the wrecking ball was to swing. Thus was born the Historic Savannah Foundation, the organization responsible for the restoration of downtown Savannah, where more than 1,000 restored buildings form the 2½-square-mile Historic District, the nation's largest. Many of these buildings are open to the public during the annual tour of homes, and today Savannah is one of the country's top 10 cities for walking tours.

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