Ivanovo is situated on both banks of the Uvod River. It was created from two villages, Ivanovo and Voznesensk, in 1871. until 1932 it was known as Ivanovo-Voznesensk. The first linen mills in Russia were founded near Ivanovo by order of Peter I the Great in 1710. Ivanovo remains one of the major textile cities of Russia, producing cotton, worsted, and silk goods and clothing.Other industries produce machinery for the textile industry. Ivanovo has a number of institutions of higher education, including textile, chemical technology, power, agricultural, medical, and teacher-training institutes.