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.
Eli Whitney's invention of the cotton gin in 1793 resulted in massive growth in the cotton industry in the American South. Learning Objective. Key Points. With the invention of Eli Whitney's cotton gin in 1793, cotton became a tremendously profitable industry, creating many fortunes for white plantation owners in the antebellum South.