Samuel Slater - Industrialization

Industrialization

By 1800 the success of the Slater mill had been duplicated by other entrepreneurs; by 1810 Secretary of the Treasury Albert Gallatin reported the U.S. had some 50 cotton-yarn mills, many of them started in response to the Embargo of 1807 that cut off imports from Britain. The War of 1812 sped up the process of industrialization; when it ended in 1815 there were within 30 miles of Providence 140 cotton manufacturers employing 26,000 hands and operating 130,000 spindles. The American textile industry was launched.

In the eighteen-teens, Francis Cabot Lowell built a profitable cotton-to-cloth textile mill in Waltham, Massachusetts. By 1826, although Lowell had died, the Waltham System had proven so successful that the town of Lowell, Massachusetts, the first to use the system on a large scale, was founded by his partners in his honor. Lowell would be the model for textile towns for many decades to follow.

Slater died on April 21, 1835 in Webster, Massachusetts (a town that he founded and had become a town three years earlier in 1832 and was named after his friend Senator Daniel Webster). At the time of his death, he owned thirteen mills and was worth a million dollars. His original mill, known today as Slater Mill, still stands and operates as a museum dedicated to preserving the history of Samuel Slater and his contribution to American industry.