Woollen industry

Definition and stakes

Alice Clark,  Working Life of Women in the Seventeenth Century (1919)

“ Historically the Woollen Trade has a further importance, due to the part which it played in the development of capitalism. The manufacture of woollen materials had existed in the remote past as a family industry, and even in the twentieth century this method still survives in the remoter parts of the British Isles; but the manufacture of cloth for Foreign trade was from its beginning organized on Capitalistic lines, and the copious records which have been preserved of its development, illustrate the history of Capitalism itself. ”
Source: Gutenberg

Portrait of Arthur Latham Perry Arthur Latham Perry,  Principles of Political Economy

“ The woollen goods industry was probably never in much worse condition in this country. The slowness of its development may be judged [564] from the fact, that, despite an average yearly increase of over a million in population, the increase in the number of wool cards in this country is less than a hundred a year, while the proportion of woollen machinery shut down between June 1 and September 1 bids fair to be the largest ever known. The market is dull, deadly dull. The large amount of silent machinery is making its presence felt. ”
Source: Gutenberg

Portrait of Ida M. Tarbell Ida M. Tarbell,  The Tariff in Our Times

“ The woollen industry, like cotton, pleads to be allowed to retain its high protection because it is still unshackled by combination. That is partially but not entirely true. As a matter of fact, there does exist a strong combination in this industry—the American Woollen Company, which has earned the popular title of “woollen trust” largely because of its trust-like methods. The woollen trust is far from being a monopoly, though it is certainly a good nucleus for one. It already controls about one-third of our domestic production of woollens and worsteds for men’s wear. ”
Source: Gutenberg

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