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Jay Gould

Wall Street History: Vanderbilt, Rockefeller, Gould, and Morgan

January 31, 2022 by James S. Kaplan 1 Comment

SA Mitchell Junior’s 1866 map of the city of New YorkThe period after the Civil War was one of significant economic and technological expansion in the nation and one in which corporations headquartered in Lower Manhattan and Wall Street would obtain a significant hegemony over the American economy.

This was a time in which individual entrepreneurs were running private businesses located on Wall Street. Men such as Cornelius Vanderbilt, Jay Gould, John D. Rockefeller and J.P. Morgan were major figures in the country and attained economic power and wealth on a scale previously unknown in United States history.

Much of their wealth was derived exploiting natural resources and technological innovations (notably steam engines, railroads, and oil). It was also largely dependent on the economy’s western expansion and African-American and immigrant labor. These men, who some call “Titans of Industry” and others “Robber Barons,” generally consolidated independent businesses into national enterprises, large monopolies, and multinational corporations. Many of these were headquartered in Lower Manhattan. [Read more…] about Wall Street History: Vanderbilt, Rockefeller, Gould, and Morgan

Filed Under: History, New York City Tagged With: Albany & Susquehanna Railroad, Cornelius Vanderbilt, Economic History, Financial History, Industrial History, Iron Industry, J.P. Morgan, Jay Gould, John D. Rockefeller, Labor History, New York & Harlem Railroad, New York City, New York Stock Exchange, Oil Industry, Pennsylvania, railroads, Transportation History, Wall Street

Jay Gould, The Union Pacific Railroad, and the Panic of 1873

January 14, 2021 by Editorial Staff Leave a Comment

Jay GouldThe Museum of American Finance will host a webinar talk about Jay Gould and the Union Pacific from the Panic of 1873 to 1880 with Joseph Calandro, Jr. on Tuesday, February 2nd, from noon to 1 pm.

Gould was widely unpopular during his lifetime and is often criticized for his unscrupulous business practices, which made him among the nation’s wealthiest men. His legacy remains controversial. [Read more…] about Jay Gould, The Union Pacific Railroad, and the Panic of 1873

Filed Under: Adirondacks & NNY, Capital-Saratoga, Events, History, Hudson Valley - Catskills, Mohawk Valley, New York City, Western NY Tagged With: Jay Gould, Museum of American Finance

The Railroad Wars of New York State

October 7, 2012 by Editorial Staff Leave a Comment

New York’s railroads were born of the cutthroat conflict of rate wars, bloody strikes and political graft. The railroad wars began as soon as the first line was chartered between Albany and Schenectady when supporters of the Erie Canal tried to block the new technology that would render their waterway obsolete.

After the first primitive railroads overcame that hurdle, they began battling with one another in a series of rate wars to gain market share. Attracted by the success of the rails, the most powerful and cunning capitalists in the country—Cornelius Vanderbilt, Jay Gould, Daniel Drew and other robber barons—joined the fray. [Read more…] about The Railroad Wars of New York State

Filed Under: Books Tagged With: Albany & Susquehanna Railroad, Cornelius Vanderbilt, Crime and Justice, Industrial History, Jay Gould, Labor History, Political History, Transportation History

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