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What considerations led Samuel Greg to set up a Cotton Spinning Mill at Styal in 1784?
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What Considerations led Samuel Greg to set up a Cotton Spinning Mill at Styal in 1784? Samuel Greg was born in Ireland in 1758, the son of a Belfast merchant and a ship owner. At the age of ten he was adopted by his childless uncles, Robert and Nathaniel Hyde who owned a cotton and linen (fustian) factory in Manchester. He was well educated and wanted to make a fortune. At the age of 24, Samuel Greg inherited £22,000 from his uncle. He saw the potential of making money out of cotton and he knew the business well. In 1784 Samuel Greg chose the site of Styal Mill because it was close to Manchester which was the centre of the cloth trade. Samuel Greg decided to build a cotton mill because everything needed to create a mill was right to make a good business investment and profit. From the map below we...
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