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Sir Richard Arkwright ( December 23 , 1732 – August 3 , 1792 ) was an Englishman credited with the Spinning Frame — later renamed the Water Frame following the transition to Water Power . The spinning frame – loosely based on the Spinning Jenny of James Hargreaves – was developed in 1769 , and the world's first water-powered Cotton Mill was built in 1771 at Cromford , Derbyshire , (now one of the Derwent Valley Mills ) creating one of the catalysts for the Industrial Revolution . He was Knight ed in 1786 . Birth He was born in 1732 in Preston in the county of Lancashire , England and was the youngest of thirteen children. He worked as a Barber until he was twenty-eight years old, he then became a dealer in Hair , and made money developing waterproof Dye for use on wigs in the town of Bolton , Lancashire. He used his money to finance his early work on textile machinery. Textiles In 1768 , he worked with a clockmaker called John Kay (not the John Kay who invented the Flying Shuttle ) to make a cotton spinning frame. The machine could make Cotton Thread thin and strong enough for the Warp , or long threads of Cloth . The next year he set up a mill powered by horses but in 1771 converted to water power. Later in life, he taught himself the simple branches of education. Many workmen and manufacturers tried to ruin him, because they saw the mill as a threat to their livelihoods. He was knighted as Sir Richard Arkwright in 1786, and he died one of the richest men in England . Trivia
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