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Essay

Corruption and greed

Essay specific features

 

Issue:

Business

 

Written by:

Barry D

 

Date added:

December 12, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 603

 

Was viewed:

4439 times

 

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Essay content:

Gould was Vanderbilt's fiercest competitor, and with an unwitting President Grant, Jay Gould was able to manipulate the gold market, driving prices down and causing Black Friday (1869) that produced a depression that lasted for years. By the 1890's, many of the railroad lines were near bankruptcy stemming from terrible economic conditions and tough competition...
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J.P. Morgan, the banker's banker, went in and by 1900, owned half of America's track mileage. Since his friends owned the rest, they were able to set railroad rates in the country, thereby cheating the customer. In another landmark that year, U.S. Steel was born, the first billion-dollar company by anti-union Andrew Carnegie and Morgan...
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