This building was erected in 1889 to be the Alabama Builders' Hardware Manufacturing Company to produce an extensive line of tools. However, Industry in Ft. Payne reached an economic downturn soon thereafter and this building became unused.
In 1907, the doors reopened and the Florence Knitting Company and became a major knitter of socks. In 1915, W.B. Davis became the majority shareholder and the company was booming. Fort Payne became the largest single location of hosiery manufacturing in the United States and the city soon earned the nickname "Sock Capital of the World."
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