Birdsboro was named for ironmaker William Bird, who established a forge on Hay Creek about 1740. His son Marcus founded Hopewell Furnace in 1771, which was the largest domestic producer of iron by the time of the American Revolution. The Schuylkill Canal, running parallel to the river, was completed in 1827. The Philadelphia and Reading Railroad, constructed to haul anthracite coal, was completed in 1843. Edward and George Brooke, descendants of the Birds, established the Birdsboro Iron Foundry Company (1867), which became Birdsboro Steel Company (1905). The principal employer for 120 years, the steel plant closed in 1988, following a lengthy strike.