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Egyptian cotton has always been viewed as a superior example of the good. source |
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Muhammad Ali, known as the father of Modern Egypt, set in motion much of the industry and outer communication with Western world. His monopolization of the Egyptian market motivated the full embrace of cotton production, which became Egypt's most profitable good during this period. source
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In the 19th century, Alexandria offered something of a hub for cotton traders, where they could meet, and exchange the various types of cotton amongst themselves, a scene that was known as the Alexandria Cotton Exchange.
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