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The Rest Is History cover image

427. Titanic: The Tragedy Begins (Part 1)

The Rest Is History

NOTE

Maintaining Market Competition

The purchase of ships by Ismay for 35 million dollars resulted in maintaining the British flag and crews, along with Ismay continuing to run the White Star within the IMM combine. Amidst concerns of British prestige companies being overtaken by American capitalism and the need for ships to transport troops, the British government intervenes by providing a significant incentive to QNAD, a rival company, to prevent Morgan from establishing a monopoly. Consequently, Morgan finds himself in a competitive situation he sought to avoid, as the American capitalists aimed to achieve market dominance and control prices at the beginning of the 1900s.

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