 By 1772 the boom had turned to bust, possibly due to cheaper foreign imports; by the late 1770s trade had recovered.The cycle of boom and bust would continue throughout the textile era.On 21 July 1784 Samuel Oldknow, arrived in Stockport and bought a house and warehouse on Hillgate, he gave out 530 lengths of cotton warp to the local hand loom weavers who returned the woven pieces, these he traded through a London agent.