Reborn in America: Starting as a California Resident

"That is naturally part of Boston's strength."

I am not yet qualified to discuss business with you.

John Jr. is also very self-aware.

Compared to Henry, who has already achieved remarkable success in the business world, he is still just an ordinary college student.

If it weren't for the fact that he was a member of the Kennedy family, he probably wouldn't have even had the chance to meet Henry.

"Haha, little John, you're too modest."

Henry was amused by John's candor, and the atmosphere became much more relaxed as a result.

"But now that the Rockefeller family has gotten involved, what makes you think I would choose you as a partner?"

Don't tell me how strong Boston is; it depends on what you're comparing them to!

Wouldn't it have been more direct for me to partner with Richard Rockefeller directly?

"Logically speaking, Henry, you are right."

John F. Kennedy Jr. leaned forward slightly, looking firmly at Henry. "But don't you think Rockefeller and Morgan are becoming increasingly domineering?"

If we continue to let them expand endlessly, how much living space will we have left?

How long can this independence be maintained?

"Is Boston going to abandon Rockefeller?"

In previous years, Boston was almost tied to Rockefeller, but now it wants to unite with California to confront them?

"No, this is not betrayal."

John noticed Henry's hesitation and explained somewhat agitatedly, "Actually, it's Rockefeller who's launching a malicious attack on us."

"They not only gradually encroached on the textile industry that we have long dominated through acquisitions or controlling stakes, but also used their enormous influence in financial services to win over companies that were originally closely associated with the Boston Consortium."

This year, two of our key companies—Texstrom and Polaroid—are competing for a major defense contract.

This contract is not only a large sum of money, but it also directly relates to the future fate of these two companies.

However, during the bidding process, Raytheon, a company of the Rockefeller Group, intervened and, relying on their relationship with high-ranking government officials, won the bid.

They influenced the review results through various means, causing Texstrom and Polaroid to lose this big contract, lose face in the industry, and suffer a significant reduction in market share.

"We have come to a complete realization through this incident that if we continue to rely on Rockefeller, the end result will only be that we gradually lose ourselves."

We must take action to change this situation.

If we continue to fight our own battles and watch Rockefeller and Morgan expand their power, we will eventually become their vassals.

You should understand that being subservient to others is never a pleasant experience.

"Um!"

Henry nodded after hearing this, clearly understanding what John had said.

Boston, one of the oldest monopolies in America, was originally formed by the Lowell, Lawrence, Adams and Lodge families who made their fortunes in the slave trade in the 19th century, along with the Kennedy family, which rose to prominence later.

These families invested the money they made in overseas colonies into commercial banks, insurance companies, and investment firms. With the support of these financial institutions, they started light industries such as textiles, leather, shoes, clothing, food, and chemicals.

Due to the rapid development of light industry in the 19th century, by the early 20th century, they had formed the Boston Consortium, centered around the First National Bank of Boston.

This bank was founded in 1859, and after merging with the Massachusetts Bank in 1903, it was still called the First National Bank of Boston.

It was also the first multinational bank in the United States.

Several families, through generations of intermarriage and cross-shareholding, also control four well-known insurance companies, the two largest of which are John Hancock Mutual Life Insurance Company and Massachusetts Mutual Life Insurance Company.

Although they could not match the strength of the major conglomerates in the East in mining and manufacturing, starting in the 50s, they began to use the research results of MIT to shift towards emerging technology industries, expanding from their original light industry to fields such as electronics, optics, aerospace and missiles.

For example, Texstrom acquired many small and medium-sized companies after World War II, becoming increasingly powerful.

The business shifted 180 degrees from light industry to aerospace and electronics, and has now become a diversified group with as many as 70 subsidiaries.

In addition to producing aviation and aerospace products, various electronic parts and aircraft components, it also has a presence in the watch spring, furniture and poultry industries.

Thanks to the development of these emerging technology industries, companies like Textron, Raytheon, and Polaroid have experienced particularly rapid growth in economic strength.

Bell Helicopters manufactures helicopters specifically for the Pentagon and international clients.

Politically, the Boston Group also joined forces with the Rockefeller Group to support the election of the famous J.F. Kennedy as president.

However, because the other party became arrogant and complacent after becoming president, he caused great trouble for the Morgan Group and other forces.

Therefore, on that Black Friday in November 1963, he went to see God.

This was a huge blow to the rising Boston consortium.

This also indirectly led to its gradual loss of advantage in competition with other conglomerates after the 70s.

Since the 70s, with the rapid development of technology and the intensification of competition among conglomerates, major conglomerates have been penetrating each other and sending personnel to serve as directors of each other, making the relationships between conglomerates intricate and the boundaries blurred.

With their vast wealth and deep political and business networks, New York’s major conglomerates have gradually gained dominance in many sectors.

Although the Boston Group had a solid foundation in traditional industries such as textiles and light industry, it was still not strong enough to compete with the Rockefeller Group and other financial institutions that dominated emerging high-tech industries and financial services.

He also fully understood the value of independence and autonomy that John Jr. mentioned;

For a conglomerate that has long been accustomed to being the only one in power, maintaining independence is of paramount importance.

"Is the Boston consortium planning to use Dream Software as a link to strengthen cooperation with California?"

Seeing John nod slightly, Henry continued, "So, what kind of support can you specifically provide?"

"The Boston Consortium is willing to provide financial support for 'Dream Software,' and we are also willing to share our research resources in emerging technology fields."

In addition, we can help you resolve this issue with the tax authorities.

We seek a cooperative relationship built on mutual trust, not a calculating, parasitic capitalist relationship.

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