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.
The cotton gin greatly reduced the time and labor needed to make cotton fiber ready for sale to textile mills. Explanation: Each cotton boll contains seeds, which must be removed before the cotton fiber can be used to produce thread and then cloth. Prior the the invention of the cotton gin by Eli Whitney in the late 18th century, this work was done by hand; it was labor intensive, not to mention tedious; much work was required to prepare even a small amount of cotton for sale. The cotton gin was a machine that could be used by anyone; raw cotton was placed in a hopper, a hand crank furnished power, and the seeds were quickly removed. This invention quickly made cotton production an attractive option for southern planters, and new regions in the South were opened and turned into cotton plantations.