in mercantile activity or held a professional position such as a lawyer
or scholar. The designation evolved to include a wider variety of indi-
viduals who participated in commercial activities, banking, medicine,
and government. By the late 18th century the new industrial entrepre-
neurs were those who actually built the factories and mills, controlled
the mines, bought the new machine technology, and determined the
scope of markets. These men displayed traits such as forward-thinking,
determination, ambition, sense of purpose, and naturally a certain lust
for money. In the initial phase of the Industrial Revolution, the tasks
were not well delineated and the industrialists tended to have a hand
in every aspect of their operations—raising money, building factories,
supervising labor, and training managers. Nonetheless, this growing
class of industrial capitalists did not engage directly in labor them-
selves, and their workers, unknown to them, by name became mere
cogs in the operation. The ancient relationship of master to worker dis-
appeared, as making money became the overarching goal. Because
competition was fierce, these men tended to be hard-nosed and ruth-
less in order to expand their interests. At times, success was only mar-
ginal, and the difference between making a profit and going bankrupt
was not significant. Most industrial firms remained relatively small
until the 1840s, with only about 10% employing more than 5,000
workers and less than half fewer than 100 workers.
The industrial entrepreneurs emerged from a wide variety of
social backgrounds. Of course many had mercantile origins, but there
was also a marriage of land and industrial interests. Sheep farmers
might earn enough capital to establish working looms on their estates.
Other prominent aristocratic families began mining operations, con-
structed mills, supported canal building efforts, developed ports, and
often leased properties for building purposes. Rarely did all sons sur-
vive until adulthood, and thus the transition of large numbers of
landed families into these new industrial enterprises was small but
steady and influential. In addition, religious minority groups such as
the Quakers and others that were prohibited by law from entering pub-
lic office, channeled their energies into enterprises such as banking,
mining, brewing, etc. Finally, there were numerous examples of per-
sons with pluck who saw the new opportunities, saved money from
agriculture and domestic spinning, and set out to establish their own
larger scale businesses. This intercourse between landed interests and
industrial enterprise was distinctly a British characteristic attendant
with few barriers. The noted British traveler, Arthur Young (see Docu-
ment 13), observed while traveling in France in the late 18th century
that such contact and exchange between economic interests was virtu-
ally nonexistent, whereas in Great Britain representatives of the
67
The Industrial Revolution in Great Britain