New Orleans Cotton Exchange

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The New Orleans Cotton Exchange by Edgar Degas, 1873
The Cotton Exchange was established in New Orleans, Louisiana in 1871 on the corner of Carondelet and Gravier Streets. It was conceived and financed by a group of cotton merchants with support from bankers at a time when fully one-third of the entire production of cotton the United States was sent to New Orleans. The Exchange wanted to bring order to what was a highly speculative and often erratic pricing system by providing a centralized trading office where people involved in the business could obtain information about market conditions and prices. As well as trading, the Exchange established standards for classification and facilitated payments between buyers and sellers.

The renowned French artist Edgar Degas painted the picture seen here of the Cotton Exchange in 1873 while visiting his mother's Louisiana relatives.

The Exchange enhanced New Orleans' position of prominence in the world cotton trade and the city hosted the 1884 World's Fair called the World Cotton Centennial. It was similar in function to the Memphis Cotton Exchange and the New York Cotton Exchange.

The original Cotton Exchange Building was replaced with a new larger one built in 1920 - 1921, which still stands.

Over time, federal commerce regulations and changing business practices eliminated the need for the Cotton Exchange and it closed on July 9, 1964. Today, the building is home to The Cotton Exchange Hotel.

See also

Cotton factor
City of New Orleans
Ville de La Nouvelle-Orléans

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Cotton is a soft fibre that grows around the seeds of the cotton plant (Gossypium sp.), a shrub native to tropical and subtropical regions around the world, including the Americas, India, and Africa.
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bank is a commercial or state institution that provides financial services , including issuing money in various forms, receiving deposits of money, lending money and processing transactions and the creating of credit.
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"In God We Trust"   (since 1956)
"E Pluribus Unum"   ("From Many, One"; Latin, traditional)
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Liberté, Égalité, Fraternité
"Liberty, Equality, Fraternity"
"La Marseillaise"

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Edgar Degas

Birth name Hilaire-Germain-Edgar Degas
July 19 1834(1834--)
Paris, France
September 27 1917 (aged 83)
Paris, France
Painting, Sculpture, Drawing
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Expo (also known as World Fair and World's Fair) is the name of various large public exhibitions held since the mid-19th century. The official sanctioning body is the Bureau International des Expositions (BIE), translated in English as the
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World Cotton Centennial referred to the earliest surviving record of export of a shipment of cotton from the United States to England in 1784.

The planning and construction of the fair was marked by corruption and scandals, and Fair Director Edward A.
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Memphis Cotton Exchange

Private Organization
Founded 1873
Headquarters Memphis, Tenn

Industry Cotton
Products |

The Memphis Cotton Exchange is located in Downtown Memphis, Tennessee on the corner of Front and Union Streets.
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The New York Cotton Exchange (NYCE) was founded in 1870 by a group of one hundred cotton brokers and merchants at 1 Hanover Square (aka India House) in New York City, New York.
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cotton factors (sometimes also called commission merchants) to sell their crops for them.

This factor was usually located in an urban center of commerce, such as New Orleans or Charleston, where they could most efficiently tend to business matters for their rural
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