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Palo Alto: A History of California, Capitalism, and the World Highlight

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Giannini put nearly everything the bank had back to work. He invested in farms of course, but he also invested in housing developments and the extremely early motion picture industry, putting $500 into a San Francisco cornershop nickelodeon in 1909 and spotting $250,000 ten years later for Charlie Chaplin’s debut, The Kid.

— Malcolm Harris

Replicated under Fair Use from Palo Alto: A History of California, Capitalism, and the World by Malcolm Harris.