are the people who own and develop industry. They were the men
who ran the factories of the Industrial Revolution, making their
fortunes as a result of their ingenuity, grasp of market forces
or good luck. many industrialists were greedy men, with little
regard for the well being of the workforce, others were considered
to be good employers who took the health and welfare of their
workforce very seriously.
A brief introduction
to two industrialists.
Samuel Greg built a
large cotton mill in Styal, south of Manchester. His investment
was around £16,000, a lot of money in the late 18th century.
His factory was built on land rented from the Earl of Stamford
and Warrington and was manned largely by children from the
local workhouses. Greg's vision led to him becoming a very
Titus Salt made
his fortune in the Wool trade. He owned a number of mills
in Bradford. Salt saw the possibilities of a different type
of wool, Alpaca, and established a buying system that ensured
that he was the only person able to produce Alpaca wool in
this country. His gamble was a definite success and he used
his wealth to build a massive new factory and village for
his workers six miles outside of Bradford. His choice of location
was ideal. The site had access to the River Aire, was next
to the canal and later had access to the Railways. Salts mill
was the largest in Europe at the time. Salt made a fortune
from Alpaca wool, clothing made from which became the most
desirable garments of the era.