I have been studying the history of cotton and came across the phrase "cotton is known as gold." I am curious to know more about this saying and its origins.
I understand that cotton played a significant role in the economy of many countries in the past, particularly during the Industrial Revolution. But why was it called "gold"? Was it because of its value as a commodity or its importance in the textile industry?
Any insights on this topic would be greatly appreciated. Thank you in advance.