The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
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The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
Thus prepared, after a frenzied holiday season, the foursome, along with their Saint Paul attorney R. B. Galusha, headed to New York early in January of the fateful year 1878 to meet with Kennedy and his associate Barnes. They found Kennedy eager to close a deal with his Dutch clients, for he genuinely believed this offer to be the best they were l
... See moreAt times during these gilt decades government did help, or at least try to: the Interstate Commerce Act of 1887 established the first regulatory commission with power over a segment of industry; the Sherman Anti-Trust Act of 1890, named for Senator John Sherman, “the Ohio Icicle,” made a gesture at restoring competition to American business life. B
... See moreThus, Jim Hill’s attempt to merge and monopolize the three premier railroads of the Northwest crashed in failure. Perhaps, though, it is more accurate, considering his entire strategy—dating back to securing control of the NP and the Burlington in 1901—to term the attempt instead as a long-term success blunted by a final setback. For Hill was quite
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