Lowell, Francis Cabot

(born April 7, 1775, Newburyport, Mass., U.S.—died Aug. 10, 1817, Boston) U.S. businessman. Born into a prominent Massachusetts family, Lowell closely studied the British textile industry while visiting Britain. With Paul Moody he devised an efficient power loom and spinning apparatus. His Boston Manufacturing Co. in Waltham (1812–14) was apparently the world's first mill in which were performed all operations converting raw cotton into finished cloth. His example greatly stimulated the growth of New England industry. Lowell, Mass., is named for him.

Source: Encyclopedia Britannica