Chapter

Building Legacies

Lindsey Apple

in The Family Legacy of Henry Clay

Published by University Press of Kentucky

Published in print January 2012 | ISBN: 9780813134109
Published online January 2012 | e-ISBN: 9780813135908 | DOI: http://dx.doi.org/10.5810/kentucky/9780813134109.003.0004
Building Legacies

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Recognizing in his sons his own fascination with risk, Clay sought to channel their gambling spirit into acceptable outlets. With the aid of strong daughters-in-law he involved his sons in “meaningful” work through a family conglomerate called here the Clay Corporation. It proved to be a local American System, a “multi-faceted” economic system based largely in agriculture and the southern market. Partnering in a complex web of ownership, the Clays contributed greatly to the thoroughbred horse industry, but also produced mules, purebred cattle, and hemp, and invested in manufacturing, banking, and transportation. The financial success allowed Henry Clay to encourage the political ambitions of son Henry Jr. and secure for son James a diplomatic post, thus assuring a second generation of service.

Keywords: risk; gambling; work; Clay Corporation; American System; thoroughbred industry; political ambitions; diplomatic post; horses

Chapter.  8281 words.  Illustrated.

Subjects: History of the Americas

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