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Boom boom boom
Boom boom boom








Slater wrote to him and Brown brought Slater in as a partner. Upon landing in New York, Slater soon learned of a textile manufacturer in Providence, Rhode Island named Moses Brown who had been trying to replicate the English mechanized cotton-spinning process without success. He therefore memorised as much as he could before he departed for New York in 1789.

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Slater was also aware of the Americans’ interest in developing similar machines, and of the fact that British laws prohibited the export of industrial designs.

boom boom boom

By then, he also had a decade of experience of working with all the elements as a continuous production system. His organisational skills earned him the accolade “Father of the Modern Industrial Factory System”, notably through the methods developed in his mill at Cromford.īy the time Samuel Slater sailed for America, he had gained an extremely thorough knowledge of the secrets of Arkwright’s success - not only that account had to be taken of varying fibre lengths, but also how Arkwright’s carding, drawing, and roving machines worked. Arkwright’s achievement was to combine power, machinery, semi-skilled labour and the new raw material of cotton to create mass-produced yarn. At age ten, he had begun working at a cotton mill that had just been opened by Jedediah Strutt using the water frame that had been pioneered by Richard Arkwright (1732–1792) at the nearby Cromford Mill, Derbyshire. In 1789, a 21-year-old Englishman, Samuel Slater (1768–1835), boarded a ship for America. To a large degree I subscribe to the view of the “father of Russian socialism,” writer Alexander Ivanovich Herzen (1812 – 1870) who opined that, “Human development is a form of chronological unfairness, since late-comers are able to profit by the labors of their predecessors without paying the same price.” One of my favorite stories is of Charles Dickens, following his very successful tour of the United States, complaining about the long queues of people wanting him to autograph pirated copies of his books from which he received no royalties.” Of course, it’s not only Asian countries. Did China become an Industrial Power by "lying, cheating, and stealing?" Monthly Market Commentary: November 1, 2022Ī well-known China basher who in 2001 already published a book entitled The Coming Collapse of China, dead-ahead of China’s rapid growth and development opined a few years ago, that China achieved its current trade surplus with the United States through “lying, cheating, and stealing.” When I discussed these claims with my friend Adrian Day he suggested that: “Other countries - Japan, Singapore and South Korea - were all accused of intellectual property theft in the past.










Boom boom boom