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A Classification of American Wealth |
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| Part II-Chapter 11 : The Trusts > The Dukes of American Tobacco : « Previous 1 - 2 - 3 - 4 - 5 - 6 Next » |
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The Dukes of American Tobacco … tobacco was still the basis of many millionaire fortunes in the Old South prior to Civil War. These Southern aristocrats were plantation owners, slave holders and traders, but not industrialists. Like cotton, tobacco was just a commodity to be exported mainly to England. The American tobacco industry had its beginnings before Civil War, as witnessed by the Lorillard's or the Elliott's operations in New York and New England, but not in the South, where tobacco had its origins …
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