A recent FreightWaves Classics article provided an overview of J.P. Morgan’s activities in the U.S. railroad industry. This article will provide an overview of Morgan’s attempts to create an ocean shipping trust.
J.P. Morgan. (Photo: biography.com)Founding the IMM
The shipping industry was prosperous in the late 19th century; this led some to attempt to create a trust or monopoly that would control major U.S. shipping companies. None of the efforts during the 1890s were successful, however....
https://www.freightwaves.com/news/freightwaves-classics-jp-morgan-sought-a-trans-atlantic-monopoly