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When George Washington was inaugurated as president on April 30, 1789, he wore a simple brown suit with silver buttons, white stockings, and shoes with silver buckles. But he had taken care that the cloth was American made, woven in Hartford, Connecticut. Conscious of symbolism, as politicians always are, Washington wanted to encourage American manufactures, as industrial goods were then called, and virtually all cloth of good quality at that time had to be imported from England. But the industrialization of the British cloth industry in recent decades had given Britain an insuperable competitive advantage, and Britain was determined to keep it. The export of textile machinery was strictly forbidden. If the United States was to develop a textile industry of its own, therefore, it had only two choices. It could reinvent what was then high technology on its own, or it could steal it. The former was not very likely as the United States then lacked people familiar with the intricacies of textile manufacture. So it had to be stolen. Although British newspapers were forbidden to print them, clandestine advertisements—a sort of early capitalist samizdat—circulated by hand in the textile areas of the Midlands, offering big rewards to anyone willing and able to set up working textile machinery in the United States. One person who undoubtedly was aware of these enticements was Samuel Slater, who had been born in Belper, Derbyshire, in 1768, in the heart of the burgeoning textile manufacturing area. Slater was apprenticed in 1782 to Jedidiah Strutts, the owner of a textile mill in Belper and one of the first to make a fortune out of the new technology.
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John Steele Gordon (An Empire of Wealth: The Epic History of American Economic Power)