Morgan's Railroad Trust
David explores the intense rivalry between Morgan and other railroad owners, leading Morgan to establish his own trust to encourage cooperation and control in the industry. However, the trust eventually falls apart due to the competitive nature of the railroad men. This chapter highlights the power dynamics between strong and weak businesses, with James J. Hill serving as an example of a successful operator who didn't need Morgan's assistance.In this clip
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Founders
#142 Teddy Roosevelt and J.P. Morgan
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