Our History

From small beginnings to an industrial revolution, our history dates back to 1757 and is one of the cotton industry’s most historic and complete archives

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1914-1938

World War I was a turning point for the Lancashire Cotton Industry and the Liverpool Cotton Market. The demand for cotton in India and China was now being met by the mills of Japan and India. Lancashire could not compete with their cheaper labour and products. Its Far East market collapsed and cotton imports to Liverpool halved. Further problems came with the decimation of the American crop of 1921 by the ravages of the Boll Weevil. The Wall Street Crash of 1929 brought with it the Great Depression and the effect on the Liverpool Cotton Market was severe: in 1931 Liverpool’s cotton imports were at their lowest for 62 years.

31 Jul 1914
The Liverpool Cotton Market is closed due to the outbreak of World War I
The outbreak of war in Europe three days earlier caused a major international financial crisis in addition to the diplomatic…

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23 February 1916
The idea of a War Relief Fund is raised
At the Liverpool Cotton Association Board meeting of that date, it was reported in the minutes “That the President said…

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26 October 1916
Staff joining the armed forces are guaranteed to be paid whilst serving
The Board of the Liverpool Cotton Association declared its support for staff fighting for their country in the strongest way…

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1921
The Lancashire cotton trade slumps and the boll weevil causes havoc in the USA
The immediate end of World War I had led to a post-war boom, despite rising prices. Markets in the east…

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29 Oct 1929
The Wall Street Crash marks the beginning of the Great Depression
The Liverpool Cotton Futures Market somehow managed to hold steady for just over twelve months, but as the depression intensified…

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