Economics Joke

Discussion in 'Economics' started by spect8or, Apr 13, 2004.

  1. Since It is about the Titanic and as I mentioned JP Morgan, he was in fact the financier behind, it was said that the neologism to "Morganize" was even employed at that time see THE OFFICIAL WEBSITE OF THE TITANIC HISTORICAL SOCIETY, INC. below :D

    "The neologism to Morganize became synonymous with ruthless business practices by aggrandizing robber barons out to corner whole industries for the sole purpose of maximizing their fortunes.

    J Pierpont Morgan's railroads and steel mergers [such as the Pennsylvania Railroad and US Steel] may have fit that stereotype. His less sanguine venture into ocean shipping was viewed in the same light by contemporary critics. "

    #11     Apr 17, 2004