Lesson 12: Francis Cabot Lowell and the New England Textile Industry

The teacher presents information about the characteristics of entrepreneurs. The students read a passage about Francis Cabot Lowell and the New England textile industry and identify the entrepreneurial activities exemplified by Lowell's founding of the first integrated textile mill in the United States. Then, on the basis of the Lowell reading and two first-hand narrative accounts, the students consider the motivation of the young women who were employed in Lowell's textile mills.

Concepts:

Entrepreneur, Incentives, Investment, Productive resources, Profit, Risk
National Content Standards in Economics:
  • Standard #14: Entrepreneurship
  • Standard #15: Economic Growth