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... e people? Before the Civil War, they had been the apex of American society—planters who dominated the South with a grip tighter than Northern industrialists ever achieved. Plantation economies thrived on consolidation; only the wealthy could afford enslaved labor.

At the time their wealth rivaled even New York's financiers—though the latter paled in numbers. In per capita terms the South's elite outshone Northern factory owners clawing their way up the economic ladder.

"Why cling ...

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