The Option to Purchase. An option to purchase grants the tenant an option (right) to buy the rental property within a specified period of time in exchange for a fee (option fee), that is usually paid up front, and/or in the form of a higher-than-market rent (some of which is applied to the house purchase).
Most of the cotton grown around the world before 1793, when Eli Whitney's simple yet effective cotton gin became widely available, was long-staple cotton (Gossypium barbadense), which grows best along tropical or subtropical coastlines.ost of the cotton grown around the world before 1793, when Eli Whitney's simple yet effective cotton gin became widely available, was long-staple cotton (Gossypium barbadense), which grows best along tropical or subtropical coastlines.
Brief History of the Cotton Industry. During the second half of the 17th century, cotton goods were imported from India. Because of the competition with the wool and the linen industries, in 1700, the government placed a ban on imported cotton goods. Cotton had become popular, however, and a home-based cotton industry sprung up using the raw material imported from the colonies.