Money

Money was obviously important and it played a large part in the cotton industry.

Using newer technology made spinning times shorter with more cotton being made. This meant that it was cheaper to make cotton using newer faster machines.

Because Samuel Greg built his mill near the River Bollin he did not need to spend very much money on powering Quarry Bank Mill. This was because the power source was natural and therefore did not require much money to keep it running. The only things concerning the river that needed money spent on them were the water mill, head race and the mill pond.

Cotton was making a lot of money. In the 1740's exports of cotton goods were worth only £11 000 a year, but by the 1820's this had risen to £17 million. This was a rise of £16 989 000 in 80 years. That's a lot! But why had cotton become so important?