The Course of Industrial Decline

Download or read book The Course of Industrial Decline written by Laurence F. Gross and published by . This book was released on 1993 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies of American industry frequently cite Lowell, Massachusetts, as an early model for business practices. Scholars have sought to explain the city's rise to prominence, the impact of its textile mills on workers and on commerce, and its part in regional development and American prosperity. In The Course of Industrial Decline, historian Laurence Gross looks beyond these issues. Focusing on Lowell's Boott Cotton Mills, he examines the industry's struggle to maintain its prominence, the causes of its decline, and its ultimate flight south. Gross puts much of the blame for the pattern of events on the mill-owners themselves. They resisted reinvestment, so their operations became less efficient. They kept antiquated machinery running long after it was safe to do so, and they were slow to respond to issues of worker safety. The increased textile demands of World War II, Gross explains, only forestalled the mills' inevitable demise. The Course of Industrial Decline not only throws new light on the interaction of labor, business, and technology but also examines a topic of increasing timeliness. As one of many American companies that succumbed to obsolete equipment, poor management, and changing markets, the Boott Cotton Mills experienced problems that have become all too familiar as America's industrial base continues to decline.