Boston Manufacturing Company

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:

    The Boston papers had never told me that there were seals in the harbor. I had always associated these with the Esquimaux and other outlandish people. Yet from the parlor windows all along the coast you may see families of them sporting on the flats. They were as strange to me as the merman would be. Ladies who never walk in the woods, sail over the sea. To go to sea! Why, it is to have the experience of Noah,—to realize the deluge. Every vessel is an ark.
    Henry David Thoreau (1817–1862)

    In the old days, one married a wife; now one forms a company with a female partner, or moves in to live with a friend. And then one seduces the partner, or defiles the friend.
    J. August Strindberg (1849–1912)