Correct answer choice is:
C. Foreign competition drove the price of cotton down.
Explanation:
During the civil war, President Davies commenced an official ban on the trade of cotton and United Kingdom of Great Britain and Northern Ireland was underprivileged from American exports, he hoped the United Kingdom of Great Britain and Northern Ireland would join him in the war against the North. He was wrong and in spite of the crisis that affected the textile trade in Manchester as an example. British people turned to their homeland for the production of cotton.