Question

Discuss the early factories in the United States. What were some of the advantages and problems of those factories?

Answer 1

after George Washington became the first president of United States of America, the first companies of the revolution started to merge. The first few pioneers of the industries rose in 1790s. Samuel Salter, who left England with knowledge of textile industry was among the first individuals to produce spndle of yarn from a factory. The factory had 72 spindles. During the industrial revolution of America or the large enterprises that used the machinery, a part of these machinery came from England. Three years later of the textile factory by salter, John and Arthur Shofield , also natives of England, built factory in Massachusetts to produce woolens. The early industires of States majorly comprises the growth of the various textile industries upto civil war.

Slowly and steadily the textile fever ran across different areas. In Pennsylvania , large furnaces, rolling mills and blacksmith rose. The new business form of Corporation rose soon after the end of the War of 1812. The concept was first used by bankers and builders. The Corportion rapidly caught the manufacturing industries. In 1813, Frances Cabot Lawell, Nathan Appleton and Patrick Johnson formed the Boston Manufacturing Company. This was America's first integrated textile factory.

Advantages -

The early factories grew wih time to build huge empires in the States. The revenue generated with these factories were huge. Being the first factores in the field the companies enjooyed the short period of monopoly. The technology was invented slowly and gradually to integrate the factories. The revolution was backed by George Washington to support the upliftment and development

Problems -

The early industries had to face a lot of problems due to the lack of support and interest among the country. The competition from Englnd was strong to stand against. The Civil War created additional problems by non-availability of resources, lack of purchasing power, no labours etc. The establishment required for the factories carried a huge risk.