Weavers of profit: terminating building societies in Lancashire, 1780–1840

Rosine Hart

Financial History Review, 2009, vol. 16, issue 1, 27-45

Abstract: Numerous handloom weavers' cottages in Lancashire were constructed by terminating building societies. Given their numbers, it is evident that the role of such societies in the regional socio-economic context has been understated. Identifying their membership reveals that these were not self-help schemes to enable artisans to own their own homes, but rather that they offered opportunities for those with surplus income to invest in tenanted properties at a time when the skills of the handloom weaver were at a premium. This provision was vital to Lancashire's burgeoning economy, and offered subscribers an additional source of income.

Date: 2009
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