This section contains 1,604 words (approx. 6 pages at 300 words per page) |
Manchester Model. Francis Cabot Lowell returned from a trip to England in 1812 determined to establish a British-style textile factory in the United States. While in Manchester, Lowell had used his position as a prominent Boston import-export merchant to gain access to the world's largest textile mills, which were normally closed to Americans out of a well-founded fear of industrial espionage. Lowell was impressed by what he saw and came away convinced that American entrepreneurs could create a profitable textile industry of their own. Within two years of his return Lowell had incorporated his Boston Manufacturing Company, raised over half a million dollars, and started construction of his first cotton mills on the Charles River in Waltham, Massachusetts. Lowell's mills did not represent the first American experiment in the factory production of cotton textiles (Lowell's own uncle owned a textile mill), but Lowell expected...
This section contains 1,604 words (approx. 6 pages at 300 words per page) |