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"In fact, the confidence of the people is worth more than money." ~ Carter G. Woodson
The idea is part of this collection:
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The historical significance of urban centers
The impact of cultural and technological advances
The role of urban centers in shaping society
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Similar ideas to Hangzhou in 12th century CE China
Capitalization was key to the rise of economic indicators. Upper-class Americans began to put their wealth into new financial assets. They began to see their society as a capitalized investment and the people as capital that could be used to increase wealth.
In the North, ...
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