Cotton Production by Merrimack Mill
CPNEMERRIMACK • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,447.00
Year-over-Year Change
52.40%
Date Range
1/1/1824 - 1/1/1860
Summary
The 'Cotton Production by Merrimack Mill' trend measures the monthly cotton production output of the historic Merrimack Manufacturing Company, a major textile mill in New England. This data provides insight into the scale and fluctuations of the U.S. cotton industry over time.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Merrimack Mill was one of the largest and most influential textile producers in the United States during the 19th and early 20th centuries. The monthly cotton production data for this mill is used by historians and economists to analyze trends in American manufacturing, trade, and industrialization.
Methodology
The data is collected directly from Merrimack Mill production records.
Historical Context
This economic indicator is relevant for understanding the development of the U.S. textile industry and its role in the broader economy.
Key Facts
- Merrimack Mill was founded in 1823 in Lowell, Massachusetts.
- At its peak in the 1890s, Merrimack employed over 10,000 workers.
- Cotton accounted for over 80% of Merrimack's total textile production.
FAQs
Q: What does this economic trend measure?
A: The 'Cotton Production by Merrimack Mill' trend measures the monthly output of cotton textiles produced by the historic Merrimack Manufacturing Company, a major 19th century textile mill.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the scale and fluctuations of the U.S. cotton industry and textile manufacturing over time, which is highly relevant for historians, economists, and policymakers studying industrial development.
Q: How is this data collected or calculated?
A: The data is collected directly from the production records of the Merrimack Manufacturing Company.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to analyze trends in American manufacturing, trade, and industrialization, which can inform decisions around economic and trade policies.
Q: Are there update delays or limitations?
A: The data is historical and may have delays or gaps in coverage compared to more modern economic indicators.
Related Trends
Citation
U.S. Federal Reserve, Cotton Production by Merrimack Mill (CPNEMERRIMACK), retrieved from FRED.