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Created by miholc on 6/14/2010

EH Harriman, a young railroad financier, outmaneuvered him over acquisition of the Dubuque and Sioux City line in Iowa, but despite the setback, Morgan's reputation grew as a skilled organizer and he built a massive power base in the railroad industry. ^en

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EH Harriman, a young railroad financier, outmaneuvered him over acquisition of the Dubuque and Sioux City line in Iowa, but despite the setback, Morgan's reputation grew as a skilled organizer and he built a massive power base in the railroad industry.

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Monday, June 14, 2010 6:52 PM

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miholc

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miholc

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Friday, May 24, 2013 9:28 AM

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J. P. Morgan

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In 1885, Morgan's father asked him to sort out the speculation and rivalry on the railroads threatening the industry.

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His aim was to discourage too much speculative competition and to achieve a stable reliable transport system.

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