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How did francis Cabot Lowell and four other investors revolutionize American textile industry?
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How did Francis Cabot Lowell and for other investors revolutionize the American textile industry?
Francis Cabot Lowell and his investors revolutionized the American textile industry by introducing the integrated factory system, which brought together spinning and weaving operations under one roof. This increased efficiency and led to the growth of the textile industry in America. They also played a key role in developing power looms and other mechanical innovations that sped up production.
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