“By 1850, fifteen Boston families called the “Associates” controlled 20 percent of the cotton spindleage in the United States, 39 percent of insurance capital in Massachusetts, 40 percent of banking resources in Boston.”
“By 1850, fifteen Boston families called the “Associates” controlled 20 percent of the cotton spindleage in the United States, 39 percent of insurance capital in Massachusetts, 40 percent of banking resources in Boston.”
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