Erie War

Erie War

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Erie War was a 19th century conflict between American financiers for control of the Erie Railroad, which operated in several American states and connected New York to Chicago. Between 1866-1868 Daniel Drew conspired along with James Fisk and Jay Gould to issue fraudulent Erie Railroad stock, thus "watering down" the stock, of which Cornelius Vanderbilt bought a large quantity. Vanderbilt lost more than $7 million in his attempt to gain control, although Gould later returned most of the money. Vanderbilt conceded control of the railroad to the trio. They were involved with the corrupt Tammany Hall political party machine, and made Boss Tweed a director of the Erie Railroad. Tweed (who later died in prison for embezzlement or fraud), in return arranged favourable New York legislation for more

Product details

  • Paperback | 60 pages
  • 152 x 229 x 4mm | 100g
  • Loc Publishing
  • United States
  • English
  • 6136720086
  • 9786136720081