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:
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