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The corporation was a “truly republican institution,” declared John Quincy Adams, “of which every class of the community may share in the benefit, proportionate to their means and their resources.” Jacksonians saw corporations as the grasping of rich men for special privileges; but one bank president argued that America’s “absence of large capitalists [had] been remedied by corporate associations, which aggregate the resources of many persons.”
The First Tycoon: The Epic Life of Cornelius Vanderbilt (Pulitzer Prize Winner)
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