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William
@williamp
J. S. Morgan’s core business was short-term trade finance, “discounting bills,” as it was called. Its primary customers were American cotton or iron merchants. They typically sold their goods on credit, taking back a piece of paper, or “bill of exchange,” which could be cashed at a specific bank such as Barings at some set future date. If a
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
a difference in philosophy. For American industrialists, companies were almost an end in themselves. They were to be tended and grown. For British industrialists, they were a means to a higher end: a civilized existence. They were there to be harvested.
Adrian Wooldridge • The Company: A Short History of a Revolutionary Idea (Modern Library Chronicles Series Book 12)
harry a
@harrya
William Erwin
@williamerwin
Paul Belbusti
@pbelbusti
Bryan Brinson
@beb
Business brain
Siara • 3 cards
In December 1924, Herbert Hoover, then secretary of commerce, convened the first National Conference on Street and Highway Safety, with the aim of drawing up a set of safety rules that could be used across the country. The industry got Hoover to water down his initial hostility toward cars and installed its own representatives on the key
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