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Jay Cooke (1821-1905)
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A 12 page paper. Jay Cooke is generally credited as being the "first major investment banker, creator of the first "wire house," and the Financier of the Civil War (Trumbore 2000). Had it not been for Cooke, the Union would have had a far more difficult time financing the war. This essay talks about Jay Cooke, the man, and Jay Cooke, the financier. His training was early and at age 18, he began work with a major trading company. This paper reports and discusses Cooke's entrance into banking and finance, his innovative marketing campaign that resulted in selling war bonds to the public instead of only to wealthy bankers, his door-to-door and other campaigns, his venture in the railroad and finally, the collapse of his company. It was the failure of Cooke's company that set off the panic of 1873. Bibliography lists 7 sources.
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Pages:
12
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Filename:MM12_PGjcook.rtf |
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Paper Title:
Jay Cooke (1821-1905)
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