"high finance and heavy industry"

From Carroll Quigley, The Evolution of Civilizations (PDF); from the preface (page 26 of 425); out of context:

The Civil War has commanded major attention, but there is little recognition of the real significance of this war; namely, that after giving an impetus to industrialization, it left a residue of emotional patterns that alienated the farmers of the South and the farmers of the West so that the country could be dominated politically by the high finance and heavy industry of the East.

And that's from a book written in 1961, a date that to my mind was almost at the beginning of the rise of finance. It seems I was wrong about the date of the rise of finance.