Word: cotton
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Dates: during 1960-1969
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...acres in Cleveland County, N.C., Namon Hamrick barely managed to scratch a living as a farmer. He tried cotton, grains and cattle at various times, but, he says, "I never cleared over $1,000 off of farming in one year in my whole life." Then Hamrick tried an entirely new kind of crop. He has prospered so well with it that farmers all over the nation have telephoned him to ask for advice. Hamrick's new crop is golf...
Back in 1961, leathery, ham-handed Farmer Hamrick started playing golf with fellow members of the local Lions Club on the only public golf course in the county. That gave him the idea of opening a course of his own. "I just started planting grass instead of cotton," he says. To raise capital, he sold 28 cattle for $2,800, mortgaged his property. With the help of a golf pro and an equipment salesman, he laid out and landscaped a nine-hole course on about 60 acres. Soon golfers flocked to his place and paid to play - $1 on weekdays...
...turn of the century, Houston was an unpromising backlands town. Then, in 1915, after the ship channel was dredged, the Port of Houston was opened, and the city became a busy cotton and lumber center. It now ranks as the third largest port in the U.S. (behind New York and New Orleans). In the 1920s, oil discoveries near by set off an oil boom that has never ended. When the U.S. war machine needed rubber during World War II. Houston turned to the area's oil, salt and sulphur resources and built massive petrochemical plants to produce synthetics...
Unpromising Start. Secretary Freeman's first important official act was to raise price supports on cotton. That was a highly unpromising start. By upping the support level, Freeman widened the gap between the U.S. price and the world price, worsened the competitive disadvantage of U.S. textile makers. His next step was to raise price supports on dairy products. With the milk-butter-cheese glut worsening, Freeman has since retreated and lowered the dairy supports. His current program for dairy products consists of trying to promote the consumption of milk by persuading the President and New Frontier officials...
Working (1941), which told the tragicomic tale of a family of ignorant sharecroppers who came to the town during the Depression to be "on the WP & A," and Dollar Cotton (1942), the picaresque story of the rise and fall of a land-lusting cotton king; after a stroke; in Memphis...