Arkwright made a fortune of about £30m in today's money by building & licensing mills to spin cotton with these machinesRichard Arkwright was a barber & wig maker in Bolton around 1750 where he learnt that he could make a lot of money if he could invent a machine to spin cotton fibre into yarn, or thread, quickly and easily. He teamed up with a clockmaker called John Kay and by the late 1760's they had a workable machine that could spin four strands of cotton yarn at the same time. Arkwright paid for a patent in 1769 to stop others copying his invention.
This spinning machine spins 96 strands of yarn at once. It was one of many similar machines installed in mills in Derbyshire and Lancashire and powered by waterwheels, so they were called Water Frames. Now it is the only complete machine of its kind in the world. His machines did not need skilled operators so Arkwright paid unskilled women and others to work on them. His spinning mills were the earliest examples of factories where hundreds of workers had to keep pace with the speed of the machines.
Arkwright made a fortune of about £30m in today's money by building & licensing mills to spin cotton with these machines