The Rest Is History cover image

427. Titanic: The Tragedy Begins (Part 1)

The Rest Is History

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Building Empires Through Acquisition

Andrew Carnegie emigrated from Scotland to the United States in 1848, where he built a vast steel company and was eventually bought out by J.P. Morgan for $240 million, becoming the wealthiest man in the world on paper. However, it was J.P. Morgan who ultimately gained control. Another key figure in the buyout was Peter Weiden, who started as a butcher's boy and quickly expanded into a chain of butcher shops and later invested in tram companies across the US, showcasing the archetype of success during the gilded age.

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