The New York Sun 1/30/2014
Philly.com by Joseph N. DiSrtefano 1/30/2014
The Hindu Business Line 1/30/2014
USA Today by Peter Schiff 1/29/2014
CNBC by Jeff Moranteen 1/29/2014
Gallup 1/29/2014 via Central Valley Business Times
Heritage Foundation by Norbert J. Michel, Ph.D. 1/29/2014
Asia Times Online by Noureddine Krichene 1/29/2014
Yahoo Finance by Lawrence Lewitinn 1/28/2014
Finance Capitalism in New York Resembles a Feudal Structure
For almost fifty years, from 1880 to 1930, financial capitalism approximated a feudal structure in which two great powers, centered in New York, dominated a number of lesser powers, both in New York and in provincial cities. No description of this structure as it existed in the 1920’s can be given in a brief compass, since it infiltrated all aspects of American life and especially all branches of economic life.
At the center were a group of less than a dozen investment banks, which were, at the height of their powers, still unincorporated partnerships. These included J.P. Morgan; the Rockefeller family; Kuhn, Loeb and Company; Dillon, Read and Company; Brown Brothers and Harriman; and others.
From Tragedy to Hope: A History of the World in our Time pg.448 Carrol Quigley – Historian Harvard University