In the late eighteenth century, a factory could be described as anything from genuinely large style plants situated in northeastern urban or urbanizing locales, to scores of comparatively smaller "country " mills rooted in northern rural communities and buildings ranging from major free-standing structures to single floors of buildings. Unlike today 's concept of a factory which is just enormous buildings, modern technology, and numerous employees. In the 1800 's any sizable mechanized workplace was known as a factory, most of which were water-powered textile mills. Factory meant manufactory; it was a term contemporaries could properly apply to various arenas of production. Although most writers on America regard industrialization as closely linked to advances in capitalism, industrialization could not begin and grow without individual business owners who were willing to take a chance on something new. It also involved a qualitatively sharpened focus on profit as the guiding goal of economic transactions. And it involved for the most part noble increments in free wage labor and in ranks of individuals who stood to such labor not
References: