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Savannah Cotton Exchange

Savannah Cotton Exchange is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Savannah Cotton Exchange rather than just read about it. In short: Freemasons' Hall, formerly the Savannah Cotton Exchange, was built in 1876 in Savannah, Georgia, United States. Its function was to provide King Cotton factors, brokers serving planters' interest in the market, a place to congregate and set the market value of cotton exported to larger markets such as New York City or London.

Savannah Cotton Exchange — main illustration
Savannah Cotton Exchange — illustration

Key takeaways

  • Savannah Cotton Exchange belongs to science; place it in that map before memorising details.
  • Learn the definition first, then one example that makes the definition concrete.
  • Connect Savannah Cotton Exchange to a quantity you can measure, compute or draw — that is where exam questions come from.
  • Reproduce the core statement of Savannah Cotton Exchange from memory before moving on to harder problems.

Reference excerpt

Freemasons' Hall, formerly the Savannah Cotton Exchange, was built in 1876 in Savannah, Georgia, United States. Its function was to provide King Cotton factors, brokers serving planters' interest in the market, a place to congregate and set the market value of cotton exported to larger markets such as New York City or London. By the end of the 19th century, factorage was on the decline as more planters were selling their products at interior markets, thus merely shipping them from Savannah via the extensive rail connections between the city and the interior. The cotton exchange went out of business in 1951.

History General William Washington Gordon II was a chairman of the exchange after serving in the Battle of Jonesboro (1864). In the June 10, 1878, edition of the New York Times, the exchange published the following report, sent the previous day, as a summary for May's business:

One hundred and forty-seven replies were received from 61 counties. The area of land planted in cotton this season was slightly an increase over last year, say 2 per cent. The weather has been unusually find and favorable for the plant. The stands are generally very good, and the crop 10 days to two weeks ahead of last year. The labor is about the same as last year, both as to numbers and efficiency. Where fertilizers are generally used the increase has been 10 to 15 per cent over last season. The present condition of the crop is good. The Spring was early and the preparation of land for planting better than usual. The fields are clear of grass, and the plant is growing rapidly.

100 East Bay Street

The exchange moved to 100 East Bay Street location, in 1887, where the building still stands, with the former warehouses down below on River Street now replaced by a tunnel through to Factors Walk. The city allowed the exchange to build on top of Drayton Street ramp, as long as they left the ramp accessible below, hence its unique design. As the Savannah Morning News reported it, the day after its official opening: "The building is built in the center of a slip leading to the river, and is raised thirty-five feet or so from the ground by iron pillars, so as to give free access to River street." The building's architect was William G. Preston, whose design was favored over eleven other architects. It is located in Savannah's Historic District, which is listed on the National Register of Historic Places, and the Cotton Exchange building is a contributing property. The building has been home to Solomon's Lodge, No. 1, Free and Accepted Masons, since 1976. It was established by founder of the Province of Georgia, General James Oglethorpe, in 1734. On Labor Day in 2006, a car smashed into the building, causing substantial damage. The Savannah Chamber of Commerce has erroneously been mentioned as currently occupying the building, but they are former tenants, having been there in the first part of the 20th century; they are now based across the street at 101 East Bay Street.

References

External links Media related to Savannah Cotton Exchange at Wikimedia Commons Old Savannah Cotton Exchange — Historical Marker Database

Illustrations

Savannah Cotton Exchange illustration
Savannah Cotton Exchange: The rear of the building (left), on River Street
The rear of the building (left), on River Street

Worked examples

Example 1 — a first encounter with Savannah Cotton Exchange

Start with the simplest possible case. Write down what Savannah Cotton Exchange claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Savannah Cotton Exchange before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Savannah Cotton Exchange ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Savannah Cotton Exchange

In research
Savannah Cotton Exchange appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry
Engineering practice reuses Savannah Cotton Exchange in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom
Savannah Cotton Exchange is common in secondary-school and first-year university syllabi. It links to neighbouring topics 1876 establishments in Georgia (U.S. state), 1886 establishments in Georgia (U.S. state), 1952 disestablishments in Georgia (U.S. state), so understanding it makes those chapters shorter.
In everyday life
Look for Savannah Cotton Exchange outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.
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How to study Savannah Cotton Exchange in 20 minutes

  1. Read the reference excerpt below once, without taking notes.
  2. Close the page and write down what Savannah Cotton Exchange means in your own words.
  3. Compare your version with the excerpt and mark what you missed.
  4. Work through the three examples above with pen and paper.
  5. Explain Savannah Cotton Exchange out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is Savannah Cotton Exchange in simple terms?

Freemasons' Hall, formerly the Savannah Cotton Exchange, was built in 1876 in Savannah, Georgia, United States. Its function was to provide King Cotton factors, brokers serving planters' interest in the market, a place to congregate and set the market value of cotton exported to larger markets such…

Why does Savannah Cotton Exchange matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Savannah Cotton Exchange?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Savannah Cotton Exchange.

Tags

  • 1876 establishments in Georgia (U.S. state)
  • 1886 establishments in Georgia (U.S. state)
  • 1952 disestablishments in Georgia (U.S. state)
  • Agricultural organizations based in the United States
  • American companies disestablished in 1951
  • Commercial buildings completed in 1887
  • Commercial buildings in Savannah, Georgia
  • Commodity exchanges in the United States
  • Companies based in Savannah, Georgia
  • Cotton industry in the United States
  • Cotton organizations
  • Defunct companies based in Georgia (U.S. state)

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