Valley Falls Company
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Valley Falls Company
The Valley Falls Company was founded in 1839 by Oliver Chace, in Valley Falls, Rhode Island, a historic mill village on both sides of the Blackstone River, within the modern-day town of Cumberland and city of Central Falls, Rhode Island. The Valley Falls Company is the original antecedent of Berkshire Hathaway, currently one of the world's largest and most successful companies. Oliver Chace began his career as a carpenter working for pioneer industrialist Samuel Slater in Pawtucket, Rhode Island. Later, he would become influential in organizing several new mills, including one at Fall River, Massachusetts in 1813. The first textile manufacturing company at Valley Falls was established in 1818. By 1839, Oliver Chace was a very successful figure in the rapidly developing textile industry. He acquired and reorganized the Valley Falls mills, and eventually added two larger mills, one on each side of the river. His sons Samuel and Harvey would also be involved with expanding the comp ...
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Valley Falls, RI In 1906
A valley is an elongated low area often running between Hill, hills or Mountain, mountains, which will typically contain a river or stream running from one end to the other. Most valleys are formed by erosion of the land surface by rivers or streams over a very long period. Some valleys are formed through erosion by glacier, glacial ice. These glaciers may remain present in valleys in high mountains or polar areas. At lower latitudes and altitudes, these glaciation, glacially formed valleys may have been created or enlarged during ice ages but now are ice-free and occupied by streams or rivers. In desert areas, valleys may be entirely dry or carry a watercourse only rarely. In karst, areas of limestone bedrock, dry valleys may also result from drainage now taking place cave, underground rather than at the surface. Rift valleys arise principally from tectonics, earth movements, rather than erosion. Many different types of valleys are described by geographers, using terms th ...
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