Photo Credit: ~*Bomba Rosa*~ via Compfight
The innovator, James Hargreaves, invented the Spinning Jenny in the 1770’s. It, along with the water frame and the spinning mule, enabled the United Kingdom’s midlands region, to expand productivity of cotton whilst driving down production costs. This made British cotton highly competitive in the global market which, at its peak, accounted for 42% of the UK’s export market. This drove profits and economic prosperity.
How would a breach of confidentiality around James Hargreaves designs, before the Midlands and UK exploited their competitive advantage, have affected the regions and UK’s economic prosperity?
Written by Bruce Hallas