The Boston Manufacturing Company was organized in 1813 by Francis Cabot Lowell, a wealthy Boston merchant, in partnership a group of investors known as The Boston Associates, for the manufacture of cotton textiles. Boston Manufacturing Company gathered many of their trade secrets from the earlier horse-drawn Beverly Cotton Manufactory, of Beverly, Massachusetts, of 1788. While the Rhode Island System that followed was famously employed by Samuel Slater, the Boston Associates would improve upon it in what would become known as the "Waltham System", an idea that would later be successfully copied at Lowell, Massachusetts and several other industrial cities established in the 19th century. It would soon change the face of New England and its economy from one based largely on agriculture to one dominated by industry.
Read more about Boston Manufacturing Company: Origins, Revolution, The Waltham System
Famous quotes containing the words boston and/or company:
“Our inventions are wont to be pretty toys, which distract our attention from serious things. They are but improved means to an unimproved end, an end which it was already but too easy to arrive at; as railroads lead to Boston or New York.”
—Henry David Thoreau (1817–1862)
“A man is never completely alone in this world. At the worst, he has the company of a boy, a youth, and by and by a grown man—the one he used to be.”
—Cesare Pavese (1908–1950)