History proves that a connection of science and business fuels innovation, development, thereby strengthens economy. Alexander Hamilton (1755 - 1804), the United States first Secretary of Treasury, was a visionary politician who greatly supported the establishment of industry in the States.
The city of Paterson was one of the first industrial cities in the United States. The manufacturers were using the energy of the Great Falls. Before electrical transmission lines were invented, transporting energy was a challenging task. How would one transport the energy of the waterfalls to the factories without electricity? The answer to that question required an open mind, creativity, courage, broad knowledge, the ability to convince others to accept an innovative idea, and perseverance. The combination of all these qualities was a foundation of the industrialization of the city of Paterson, and the phenomenal growth of the economy.
Alexander Hamilton statue, Great Falls National Historical Park
(photo by Anthony)
