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How The Vanderbilt Family Lost Their Entire Fortune
By Therese Nguyen/Dec. 28, 2020 11:01 am EDT/Updated: Jan. 29, 2021 9:54 am EDT
In the late 19th century, social and technological changes allowed thousands of families to get ridiculously rich and prosper in a period called the Gilded Age, as described by Time. It was an era where flaunting your wealth publicly was all the rage, even in the face of income inequality as millions of other Americans struggled day to day. The Gilded Age was when many of the infamously wealthy families got their start, from the Rockefellers to the Carnegies to the Vanderbilts (via ThoughtCo). But while their legacy is still recognizable today, with their names plastered on universities and cultural landmarks, for many, their fortune has been gone for some time now.
A silent night scene in a little Texas town became a ruckus
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These days there are no Blooming Grove Christmas pageants, but the City Hall Lobby is festive.Joe Holley / ContributorShow MoreShow Less
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Falling cotton prices and the Great Depression hit Blooming Grove hard.Joe Holley / ContributorShow MoreShow Less
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Blooming Grove, the self-proclaimed “friendliest little town in Texas,” is quiet these days.Joe Holley / ContributorShow MoreShow Less
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The historic Blooming Grove United Methodist Church building was constructed in 1902.Joe Holley / ContributorShow MoreShow Less
BLOOMING GROVE Journalism professor David McHam, a University of Houston legend, got his start as a newsman in the mid-1950s at the Waco Times-Herald. That’s how he knew about his friend Jules Loh’s assignment to write about the 1956 Christmas pageant in this little town near Corsicana. Loh made the 50-mile drive on a Monday evening, came back to