![cover image](https://wikiwandv2-19431.kxcdn.com/_next/image?url=https://upload.wikimedia.org/wikipedia/commons/thumb/9/99/Great_Falls_of_the_Passaic_River.jpg/640px-Great_Falls_of_the_Passaic_River.jpg&w=640&q=50)
Society for Establishing Useful Manufactures
1791 corporation to promote industry / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Society for the Establishment of Useful Manufactures?
Summarize this article for a 10 year old
The Society for Establishing Useful Manufactures (S.U.M.)[1] or Society for the Establishment of Useful Manufactures was a private state-sponsored corporation founded in 1791 to promote industrial development along the Passaic River in New Jersey in the United States.[2] The company's management of the Great Falls of the Passaic River as a powersource for grist mills resulted in the growth of Paterson as one of the first industrial centers in the United States. Under the society's long-term management of the falls, the industrialization of the area passed through three great waves, centered first on cotton, then steel, and finally silk, over the course of over 150 years. The venture is considered by historians to have been a forerunner for many public–private partnerships in later decades in the United States.
![Thumb image](http://upload.wikimedia.org/wikipedia/commons/thumb/9/99/Great_Falls_of_the_Passaic_River.jpg/320px-Great_Falls_of_the_Passaic_River.jpg)