1775, Newburyport, MA
1817, Boston, MA
Francis Cabot Lowell to be a member the the prominent Boston Brahmin family, which had statesman man Lowell, Harvard university president Abbott Lawrence Lowell, polite war general Charles Russell Lowell, and also poet Robert Lowell.
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Photos: American Textile history Museum
This American commercial pioneer left as his tradition a production system, booming mill towns, and a humanitarian mindset toward workers.
Bringing industry to AmericaIn simply six years, Francis Cabot Lowell collected an American textile manufacturing industry. He to be born in Newburyport, Massachusetts in 1775, and also became a effective merchant. Top top a expedition to England at period 36, he was impressed by british textile mills. Prefer Samuel Slater prior to him, Lowell was influenced to develop his own manufacturing enterprise in the joined States.
Risk TakersIn 1813, ago in Boston, Lowell and also several partners formed the Boston manufacturing Company. Lowell led castle in both technical and business decisions. They introduced a strength loom, based on the brother model, with far-ranging technological improvements. And also they discovered a novel way to progressive money: they sold $1000 share in the firm (each worth over $10,000 in 2002 dollars). The shareholder corporation castle devised would rapidly become the technique of an option for structuring new American businesses.
Integrated ManufacturingThe firm built a high brick mill building next to the Charles river in Waltham, Massachusetts, incorporating various mechanization technologies to transform raw cotton into cloth. The Waltham mill integrated the chain of tasks under a solitary roof, inaugurating what would become the American manufacturing facility system that the nineteenth century. Waltham cloth gained immediate popularity.
Mill GirlsAnother that Lowell"s developments was in rental young farm yard girls to work in the mill. He paid them reduced wages than men, but offered benefits that numerous girls, some as young together 15, were passionate to earn. Mill girls stayed in clean company boardinghouses with chaperones, to be paid cash, and benefitted from religious and education activities. Waltham eight as workers flocked to Lowell"s novel enterprise.
Industrial PowerhouseWhen he died of disease in 1817, Lowell left his Boston Manufacturing company poised to expand and also reward its investors handsomely. In 1821, dividends were paid out at an astounding 27.5%. In 1822, Lowell"s partners named a new mill town on the Merrimack River, Lowell, after your visionary leader. Brand-new England had embarked on the change of its economy from farming to industry.