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J. P. Morgan becomes active in railroads …
Years: 1893 - 1893
J. P. Morgan becomes active in railroads following the crash, reorganizing several lines in the East.
The Northern Pacific Railway goes bankrupt in the great depression of 1893.
A complex financial battle ensues to take control of the railroad, because bankruptcy wipes out the bondholders and it is now free of debt.
A compromise is reached involving Morgan, New York financier E. H. Harriman and St. Paul railroad builder James J. Hill.
Locations
People
Groups
- New York State (U.S.A.)
- United States of America (US, USA) (Washington DC)
- Minnesota, State of (U.S.A.)
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Years: 1893 - 1893
Locations
People
Groups
- New York State (U.S.A.)
- United States of America (US, USA) (Washington DC)
- Minnesota, State of (U.S.A.)
Topics
Subjects
Regions
Subregions