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Decline of the Disston Empire

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Despite early successes, Hamilton Disston’s grand vision began to unravel by the late 1880s. The costs of maintaining and expanding the drainage network far exceeded his expectations. Canal construction was expensive, and returns on land sales were uneven. In 1890, a severe economic downturn hit Florida’s land market. Many of Disston’s partners and buyers defaulted on payments. The g... https://shutdown123.com/

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