The journey starts from the Titanic

The prestige of the Morgan family on Wall Street is to show its talents during the several stock market crashes in the United States, to win the confidence of investors, and to establish the hegemony of the Morgan family.

But Situ Nan knew that many of the so-called crises might have been created by them. Even if they weren't created by them, they were also contributing to the flames. In the end, they jumped out to be a good person, and the face and the leeway were earned.

Big tail wolf!

For example, in the gold crisis of the U.S. Treasury in 1894, the U.S. Treasury was empty and almost bankrupt.The White House had to brazenly appeal to Wall Street for help.

At that time, Morgan J.P. Morgan, the elder of the Morgan family, gathered together Wall Street bankers to pressure the White House and forced the White House to agree to Morgan’s proposed bank syndicate established by the Morgan and Rothschild families to undertake the US gold bonds.

In desperate circumstances, the President had to agree to Morgan's terms, and the White House was willing to bow before Wall Street.Morgan made a net profit of 12 million U.S. dollars from the difference between the price of government bonds contracted to the government and the market price, and also arranged an international agreement that before the end of the bond issuance, it would not exchange U.S. dollars for pound sterling and would not buy US gold.At this time, Morgan's reputation in the business world surpassed that of the US government. His reputation in the financial world was unmatched and he was the veritable number one person in the financial world.

In 1907, Nick Burke Trust Company, the third largest trust company in the United States, borrowed heavily and bought shares of United Copper Corporation in the stock market, but this failed, which triggered a panic on Wall Street and rumors that Nick Burke was about to go bankrupt.Banks took back their loans one after another, the stock market plummeted, people ran on them, and several major banks were on the verge of bankruptcy.About half of New York's bank loans are used as collateral by high-interest-returning trust and investment companies to invest in high-risk stocks and bonds, and the entire financial market is in a state of extreme speculation.By October 24, stock market trading was almost in a state of suspension.

This time it was Morgan who stood up again.When the chairman of the New York Stock Exchange came to Morgan’s office for help, he said with a trembling voice that at least 50 traders would go bankrupt if he could not raise $25 million before 3 pm, and he would have no choice but to close the stock market. .At two o'clock in the afternoon, Morgan called an emergency bankers meeting. In 16 minutes, the bankers raised enough money.Only one day later, the funds for emergency relief were exhausted, and the interest rate grew wildly again.Eight banks and trust companies have closed down.Morgan rushed to the New York Clearing Bank to request the issuance of bills as temporary currency to cope with the severe cash shortage.

On November 2nd, Morgan began his next "rescue" plan, the target is the Morsley company in the precarious situation.Morgan invited all the big names in the New York financial circle to his library to discuss rescue plans.On the evening of Sunday, November 3rd, Morgan sent a starry night to Washington, and must get President Roosevelt’s approval before the stock market opens next Monday morning.The banking crisis caused a large number of companies to close down, and thousands of angry people who lost their life savings formed a huge political crisis. Old Roosevelt had to rely on Morgan's power to stabilize the overall situation. He was forced to sign the alliance under the city at the last moment.

In the US Treasury Department, US$25 million (equivalent to today's US$550 million) was delivered to Morgan, and in this way, Morgan assumed the role of the US central bank.Morgan and his acquaintance financial leaders finalized a rescue plan. After weeks of market turmoil, the panic finally ebbled.

After many times, the Morgan family controlled the US financial industry step by step.Around 1912, Morgan created a huge empire-the Morgan Union.The Morgan Alliance is composed of the Morgan family and the Morgan Alliance.This financial group occupies 33% of the US financial capital, with a total value of nearly US$20 billion.In addition, there are US$12.5 billion in insurance assets, accounting for 65% of the US insurance industry.

Now a few years have passed. The tyrant old Morgan also died in 1913. Faced with the suppression of the US government and the challenges of other consortia such as Rockefeller and Mellon, the Morgan family's control over the US economy has been weakened. , The proportion of the capital controlled by the Morgan Financial Group in the total capital of the United States has declined, but the absolute strength is rising. The total value of the capital controlled by the Morgan Consortium and their allies is between US$20 billion and US$30 billion.

They are still the kings of Wall Street!There is no doubt that more than one-third of Wall Street's capital is still in Morgan and its allies.

The only place that may be the newly appointed head of the family is the Jack Morgan who is now standing in front of Situ Nan is not as radiant as his old man, showing the limelight, not one of the best, but a little low-key.

Well, it's a bit stuffy to make money.

Jack Morgan gave Situ Nan the feeling that he was the Sun Quan in the Three Kingdoms of ancient China. He was willing to delegate power and was able to employ people. He maintained a more equal and friendly relationship with his partners. He was not as powerful as their predecessors and had enough prestige to drive them. I'm working hard so far.

If the richest person in the United States is of course John D. Rockefeller, his personal worth has exceeded 1 billion US dollars, this is the richest person in human history, there is no one.

Situ Nan’s personal worth seems to be not small, and there are many. If they sell well, they can reach half of John D. Rockefeller’s. But he is just a person. His consortium is still a rudimentary form. Situ Nan, his allies Hengda, Robles and others have a short history and have not yet risen to the super-rich ones. So relying on Situ Nan alone is really unable to compete with those deep-rooted and wealthy big families. Compared with the consortium.

This is a question of control. For example, if Situ Nan has a net worth of 500 million US dollars, his assets will not exceed 1 billion US dollars. This is related to his personal ownership of most of the shares in most of his industries.

John D. Rockefeller’s $1 billion net worth does not include the assets of the entire Rockefeller family. Now John D. Rockefeller has retired and specializes in charitable activities. Prior to this, he has divided some of his shares out, so Situ Nan estimated that the assets of the Rockefeller family should be between 2 billion and 2.5 billion U.S. dollars. At the same time, the two or three billion U.S. dollars of the Rockefeller family controls the more than 20 billion Rockefeller consortium.

That is to say, if singled out, the power ratio between Situ Nan and John D. Rockefeller is 1:2, but the power ratio between Situ Nan's California consortium and Rockefeller consortium is 10:200.

The gap is too far, so Situ Nan is particularly eager to make a difference in the financial industry. His financial resources are no longer enough to support the development of those industries under his control. He needs more money.

The best way is to use your own money to control more money to serve your actions.This is why it is clear that the Rockefeller family is richer than the Morgan family, but the Rockefeller family’s influence on Wall Street in New York has not been able to surpass that of the Morgan family, because although the Morgan family has less money than the Rockefeller family, they control With more than one-third of Wall Street's capital, their allies are terrifying.

There are many large families in the United States, but only a few can be called consortiums. There are only three and a half consortiums that can be named after the family, one Morgan, one Rockefeller, one Mellon, and one half DuPont (well, DuPont The family is famous for playing explosives, this family is more evil, Chiguoguo was born for war).

There is only one meaning to say so much nonsense. Although our protagonist Situ Nan is very rich, his just a little rudimentary consortium can only be regarded as a small one, but he has not challenged the strength of those old consortiums and has to clamp his tail. Be human.

Besides, there are elites in political connections!The shortcomings in this area need to be accumulated more than the economic ones, which is really big!Let's go slowly!

Situ Nan warned himself.Well, people who think they are awesome often fall miserably!

Jack Morgan didn't expect a sentence to make Situ Nan think so much. He raised his eagle eyes and his eyes were a bit sharp. The kid asked him something, but he didn't answer for a long time.

"Hey, what are you thinking? Were you talking to God just now? Otherwise, it's best to remember that there is a God of Wall Street standing in front of you." Jack Morgan said proudly.

Situ Nan finally came back to his senses. It seemed that Jack Morgan asked them about their crazy speculation on the New York Stock Exchange in 1914, so they were a little surprised by surprise. Later, I didn’t know if I thought about it. so far.

"Haha. I was just thinking about the deeds of your father Pierpont Morgan. Every stock market crisis is a good opportunity for that you. The Morgan family also won with their superior performance in the stock market crisis. In the same way, in a small stock market turmoil in 1914, we also played a trivial one, but did not expect to be discovered by you. It can be seen that the Morgan family is still Wall Street under your leadership. The most admirable existence. Robles, don't you think so?"

Situ Nan said neither humble nor arrogant, with a gentle and confident smile on his face. It would be a pity not to be a politician or an actor.

"Yes!" Robles nodded in agreement. He also adapted to Jack Morgan's aura.

"But can't you think of it so numbly?" Robles thought to himself, he looked at Situ Nan with a strange expression.

Chapter 66 So there is a Federal Reserve!(Three shifts finished!)

Morgan looked at the two young men in front of him, regained his composure after a brief surprise, and nodded inwardly.When he himself was at this age, he was still living in the shadow of the old Morgan, working hard, how can he be as high-spirited as the two young people in front of him?

In fact, Morgan didn't know too much about Robes and Stuart's speculation in the stock market. He only knew about it, and even suspected it.

Why did Wall Street turn out to be a dark horse in the past two years-Robles Securities, Robles Securities has been expanding in the past two years, especially this time the acquisition of US Treasury bonds from the British, Morgan was Perth Securities suddenly jumped out and grabbed a piece of meat. The British sold $300 million of bonds to Robes Securities.

This is a threat to Morgan, who has always regarded Wall Street as his own ban. Although this danger now seems insignificant, it has to arouse Morgan's attention.

Through investigation, Morgan finally discovered the close relationship between the helm of Robles Securities and the rising western wealthy businessman Stoneny William.

Morgan then remembered that two years ago, the New York stock market was short-selling and then a large number of mysterious forces. He later sent someone to investigate and found that the source of funds turned out to be a large oil company in Texas-Occidental Petroleum. Situ Nan's head was found.

Morgan took a sip of wine and continued, "Even though you have caused me a lot of trouble, the two most ill-intentioned Morgan family members have nothing to do.

As the makers of the Wall Street order, as long as it does not violate the rules of the game, our Morgan family will not easily interfere.

Of course, given the strength of the two, I have to admit that Robles Securities can become a member of Wall Street.

This world stage is very large, with a broad sky outside. Our Morgan family has always been the leader in the New York Wall Street and American financial circles, committed to the expansion of American capital on a global scale.The future world is the world of capital. Now there is a war in Europe. This is a godsend opportunity for American capital. As long as we seize the opportunity, the next century will be the world of Wall Street in New York. As for London, let them slow down in the decadent empire. Decay slowly!"

Morgan clenched his fist, staring at Situ Nan and Robles, his face was domineering with me!

Just as his old son Morgan took the $50 million French national debt with the banks of Wall Street, the ambitious young Morgan also wanted to integrate the forces of Wall Street to counterattack Europe through the European War.

The tiger father has no dogs, even if he can't reach the height of his old son, but little Morgan is ambitious.

In fact, after two years of development, the Morgan family’s business has surpassed the old Morgan era. As for the Rothschild family, once known as the sixth largest empire in the world, after the growth of American families such as Morgan, Rockefeller and Mellon , Has lost control of the United States.

Even with this British government debt, they would have to ask American capitalists for help. It is undeniable that European capital headed by the Rothschild family still retains influence on the United States, but independent American capital can already fight against it.

Now is a god-given opportunity for the expansion of the Morgan Consortium, so Morgan does not want to make extravagances, especially the new freak of Robles Securities must be included in its own camp, even if it cannot be completely controlled, it must be unified.

Reducing disorderly competition is the creed of the Morgan family.Morgan didn't want to spend a lot of time and resources to settle Robes' securities, so he won over Robes and Situ Nan.

Situ Nan and Robles are very personal, how could they not understand the meaning behind what Morgan said!

The face of Morgan is half a threat and half an invitation. The current Robles Securities has not yet fully competed against it. It is better to become an ally of Morgan first, eat and drink behind the boss, and wait until your muscles grow. Let's talk about it.

Take the 300 million U.S. Treasury bond this time. Situ Nan and Robles tried their best to eat the 300 million US dollar bill, but they could not do anything else.

Even in order to raise $9.5 million in capital to invest in Francis Shipyard, Situ Nan had a headache for a while.

But this is not a problem for the wealthy Morgan. They ate the remaining 2.7 billion U.S. Treasury bonds in one bite, and also prepared tens of billions of dollars for the U.S. government to participate in the war.

No way, who told the Fed to be run by their family?

The two discussed and had to make a difficult choice. Robles Securities will become an ally of Morgan and maintain a consistent position with Wall Street bankers in the confrontation between American capital and European capital.

"Mr. Morgan, after careful consideration, we decided to accept your suggestion. Since then, we have maintained a good relationship with the Morgan family. I wonder if Robes Securities is honored to be a partner of J.P. Firm?"