How One Company Owned an Entire American City — Then Filed for Bankruptcy: Kannapolis
Published June 29, 2026
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For 78 years, nobody voted on anything in Kannapolis, North Carolina. There was no mayor, no city council, no ballot box. Just one family, one product, and 30,000 people living inside a private empire built from cotton and terry cloth. James William Cannon started with a $75,000 loan and a single mill in 1887. By 1914,…
- Published
- June 29, 2026
- Made for kids
- No
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