The Waltham Watch Company was founded in 1850 by three ambitious businessmen from Massachusetts, United States, with the aim of manufacturing watches of high quality at a low price. The company explored the use of interchangeable parts and automatic watchmaking machines, which would make the Waltham Watch Company the world's first industrial mechanical timepiece manufacturer. President Abraham Lincoln was gifted an industrialised pocket watch - one of the first of its kind - by the watchmakers to mark his abolishment of slavery. Whilst the company underwent several changes of name and ownership throughout the 19th and 20th centuries, it continued to produce revolutionary timepieces contributing to America's great industrial history. Waltham clocks and speedometers were fitted in the cars of notable brands, including Ford and Cadillac, as well as being used for military aircrafts during the Second World War. After moving to Switzerland in the 1950s, the company today trades under the name Waltham International SA, manufacturing luxury Swiss-made watches.