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.
Howard Zinn
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.