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Unformatted text preview: • Construction of Southern mills with Southern finance capital • Factory jobs went to whites Coal • Tapped rich coal deposits Iron and Steel • Initial financing of the steel and iron industries came from Southern sources • 1900 • foreign investors and Northerners such as Andrew Carnegie largely controlled these industries. Tobacco • Grown in the South • Processed elsewhere • In the late 1870s and early 1880s • Southern capitalists established prosperous tobacco factories • Tobacco Industry is #1 • James B. Duke in 1890 controlled the largest tobacco industry in the world BUT … • By 1900, as was the case with cotton and iron/steel, outside capitalists controlled the industry....
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This note was uploaded on 01/05/2012 for the course HIST 1302 taught by Professor Sarabostelmann during the Fall '11 term at Collins.
- Fall '11