Richard Arkwright

Richard Arkwright (23 December 1732 – 3 August 1792) was an inventor and a leading entrepreneur during the early Industrial Revolution.

16 quotes found

"No sooner were the merits of Mr. Arkwright’s inventions fully understood, from the great increase of materials produced in a given time, and the superior quality of the goods manufactured; no sooner was it known, that his assiduity and great mechanical abilities were rewarded with success; than the very men, who had before treated him with contempt and derision, began to devise means to rob him of his inventions, and profit by his ingenuity. Every attempt that cunning could suggest for this purpose was made; by the seduction of his servants and workmen, (whom he had with great labour taught the business) a knowledge of his machinery and inventions was fully gained. From that time many persons began to pilfer something from him; and then by adding something else of their own, and by calling similar productions and machines by other names, they hoped to screen themselves from punishment. So many of these artful and designing individuals had at length infringed on his patent right, that he found it necessary to prosecute several: but it was not without great difficulty, and considerable expence, that he was able to make any proof against them; conscious that their conduct was unjustifiable, their proceedings were conducted with the utmost caution and secresy. Many of the persons employed by them were sworn to secresy, and their buildings and workshops were kept locked up, or otherwise secured. This necessary proceeding of Mr. Arkwright, occasioned, as in the case of poor Hargrave, an association against him, of the very persons whom he had served and obliged. Formidable, however, as it was, Mr. Arkwright persevered, trusting that he should obtain in the event, that satisfaction which he appeared to be justly entitled to."

- Richard Arkwright

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"A trial in Westminster Hall, in July last, at a large expence, was the consequence; when, solely by not describing so fully and accurately the nature of his last complex machines as was strictly by law required, a verdict was found against him. Had he been at all aware of the consequences of such omission, he certainly would have been more careful and circumspect in his description. It cannot be supposed that he meant a fraud on his country: it is on the contrary, most evident that he was anxiously desirous of preserving to his native country the full benefit of his inventions. Yet he cannot but lament, that the advantages resulting from his own exertion and abilities alone, should be wrested from him by those who have no pretension to merit; that they should be permitted to rob him of his inventions before the expiration of the reasonable period of fourteen years, merely because he has unfortunately omitted to point out all the minutiae of his complicated machines. In short, Mr. Arkwright has chosen a subject in manufactures (that of spinning) of all others the most general, the most interesting, and the most difficult. He has, after near twenty years unparalleled diligence and application, by the force of natural genius, and an unbounded invention, (excellencies seldom united) brought to perfection machines on principles as new in theory, as they are regular and perfect in practice. He has induced men of property to engage with him to a large amount; from his important inventions united, he has produced better goods, of their different kinds, than were ever before produced in this country; and finally, he has established a business that already employs upwards of five thousand persons, and a capital, on the whole, of not less than £200,000, a business of the utmost importance and benefit to this kingdom."

- Richard Arkwright

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"These foundations decisively changed incentives for people and impelled the engines of prosperity, paving the way for the Industrial Revolution. First and foremost, the Industrial Revolution depended on major technological advances exploiting the knowledge base that had accumulated in Europe during the past centuries. It was a radical break from the past, made possible by scientific inquiry and the talents of a number of unique individuals. The full force of this revolution came from the market that created profitable opportunities for technologies to be developed and applied. It was the inclusive nature of markets that allowed people to allocate their talents to the right lines of business. It also relied on education and skills, for it was the relatively high levels of education, at least by the standards of the time, that enabled the emergence of entrepreneurs with the vision to employ new technologies for their businesses and to find workers with the skills to use them. It is not a coincidence that the Industrial Revolution started in England a few decades following the Glorious Revolution. The great inventors such as James Watt (perfecter of the steam engine), Richard Trevithick (the builder of the first steam locomotive), Richard Arkwright (the inventor of the spinning frame), and Isambard Kingdom Brunel (the creator of several revolutionary steamships) were able to take up the economic opportunities generated by their ideas, were confident that their property rights would be respected, and had access to markets where their innovations could be profitably sold and used."