Jay Cookes was called the financier of the
Jay Cookes was called the financier of the Civil War. His firm sold Treasury notes with which the US government borrowed massive funds to finance the Federal war effort. They were similar in concept to the bonds sold to finance the 20th century World Wars. After the war, Cookes form sold stocks and bonds that funded the Transcontinental Railroad
Picture No
13124160
Media ID
45372238
Size
1568px x 2400px
(430KB)
Credit
Mary Evans / The Everett Collection
Source
Courtesy Everett Collection
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