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:
“However strongly they resist it, our kids have to learn that as adults we need the companionship and love of other adults. The more direct we are about our needs, the easier it may be for our children to accept those needs. Their jealousy may come from a fear that if we adults love each other we might not have any left for them. We have to let them know that it’s a different kind of love.”
—Ruth Davidson Bell. Ourselves and Our Children, by Boston Women’s Health Book Collective, ch. 3 (1978)
“Is not disease the rule of existence? There is not a lily pad floating on the river but has been riddled by insects. Almost every shrub and tree has its gall, oftentimes esteemed its chief ornament and hardly to be distinguished from the fruit. If misery loves company, misery has company enough. Now, at midsummer, find me a perfect leaf or fruit.”
—Henry David Thoreau (1817–1862)