Faced with such a double happiness, even Morgan was not calm. He did not have huge assets, at least not comparable to the Rockefeller family. Even Carnegie, who had not left before, was richer than Morgan.

Morgan dared to propose the acquisition of Carnegie Steel Company entirely because he could bring in a large amount of funds, not how rich he was. If he did not have his own money, he needed to maintain confidence. Northern Securities Company lost the case in the Supreme Court and gave Japan

Loans that cannot be recovered are very damaging to market confidence.

Now, the first thing Morgan has to deal with is the doubts about his own judgment among the huge Morgan alliance. At the same time, he has to appease the two railroad giants Hartman and Hill. They were the direct victims of the dissolution of Northern Securities Company, and it can be said that they suffered heavy losses.

.

The settlement of Northern Securities Company was undoubtedly a huge victory for the federal government. The Department of Justice continued its efforts and launched lawsuits against a series of trust companies. For a time, the business world was in turmoil. Even Northern Securities Company, which was supported by Morgan, was

Avoid not knowing San's fate and how they can fight it.

The Supreme Court's decision means the victory of the principle of free and fair competition, and also means that the golden age of American monopolies has begun to end. Roosevelt was very satisfied with this decision. For him, although antitrust law cannot solve the monopoly problem once and for all,

, but the significance of the government’s victory is that the Supreme Court finally changed its stance and agreed with the administration’s approach. In this way, the federal government finally established its authority to regulate the activities of large companies, which is a crucial first step.

A good beginning is half the battle, and this saying couldn't be more appropriate for the Roosevelt administration.

The disintegration of each trust company represents the further improvement of the authority of the federal government. The support of the citizen class for President Roosevelt is also steadily increasing. The name of the trust blaster has been resounding among the people.

"Recently, the stocks of U.S. Steel and Carnegie Standard & Consolidated Steel have been rising, faster than other stocks." Annie, with a big belly, took the recent stock market data analysis and moved cautiously.

Sheffield took the rare initiative to stand up and support his wife, allowing Anne to sit down smoothly, and then he breathed a sigh of relief and said, "It's very simple, because the capital of the financial industry needs an industry as a carrier. Compared with other industries, now the national defense is building the navy.

, Domestic development projects, real estate, and railways all require steel and other metals, so this time the financial industry has chosen steel companies as a carrier in the stock market to push up stock values ​​for speculation. Currently, steel stocks can best assume this responsibility.

.just like railroad stocks after the Civil War."

"But you also know the consequences of railway stocks. Many people went bankrupt. Almost every economic crisis is accompanied by bankers infiltrating the industry." Sheffield is now undergoing prenatal education, and the family of three is analyzing the current stock market.

The stock market has different industry carriers in every era. In the past, railway stocks took on this responsibility, and now it is the steel industry. As for later, it was actually the automobile industry stocks that became the darling of the market.

The financial industry must need such a stock in the stock market to bear such expectations. In Sheffield's previous life, stocks that shouldered such responsibilities were Google, Apple, and Amazon. Not all companies make money, at least Amazon has been doing so for many years.

Although the company is losing money, its valuation is rising every year. Even though Amazon’s owner, Jeff Bezos, is losing money every year, he is favored by investors from all walks of life, helping him prop up the Amazon empire and becoming the richest man in the world.

As for the person who is favored by the financial industry after him, it is Musk, the owner of Tesla Motors. Tesla Motors has also been burning money and losing money, but Tesla Motors has been selected as a new carrier, and Musk’s net worth has also increased.

Increasing rapidly.

However, when Tesla Motors catches up, the United States is already heavily in debt and the stock market risks are already very high. Whether it can be pushed up to that status by various capitals is still unknown. If Tesla Motors has not grown to that status

, the stock market collapsed first, and the journey of becoming the second Jeff Bezos will naturally come to nothing.

The risks a hundred years from now will obviously be greater than those in the financial industry today. At least the two steel giants in the United States are not being pushed forward despite constant losses. Rather, they have sufficient financial resources due to economic prosperity.

profitability.

"Nowadays, trust companies are too busy to take care of themselves. No one knows how many trust companies the White House will take action against. The steel industry currently has two obvious advantages. The first is the two giants. There is no danger of being sued for monopoly. The second is the profitability of the steel industry.

Very good, some funds are pouring into steel stocks." Anne also understood, and said as if I was already very smart, "Many speculators are choosing the companies that seem to be the highest quality as carriers."

"Uh-huh, that's it." Sheffield nodded, "Now the stock market is extremely hot, so we have to be prepared. When it really comes to a crash, whoever has the most cash will be the boss. Although a physical enterprise like ours

, numerically speaking, it is not as fast as the financial industry to make money, but what we have in hand is cash, not bonds or stocks. Only when the tide recedes will people know who is the real naked swimmer."

Because many trust companies are at risk of being dismantled, funds are now pouring into steel company stocks, which are regarded as high-quality stocks. This can be regarded as a benefit brought by Roosevelt.

In recent months, as a result of the mediation of the Russo-Japanese War and the heavy attack on trust companies, President Roosevelt's approval rating has soared. Contrary to the complaints from the business community, the support of President Roosevelt among the citizens is also visible.

The mediation of the Russo-Japanese War can be said to have enhanced the prestige of the United States externally, while the attack on trusts won the support of internal citizens. The only victims seemed to be trust companies.

If the United States was a country that could dissolve Congress and hold an early election, Roosevelt could choose to do so now. However, the United States is not, so taking advantage of the advantage and holding an early election would not occur here.

Anne looked at her husband and dialed the numbers of two railway giants, Hartmann and Hill. She expressed shock and disappointment at the current results. By the way, she expressed that the federal government is our common enemy, holding her stomach and snickering.

.

"Okay, let's meet and talk when we have the chance." Sheffield hung up the phone with a smile that said I wish you would die. Sheffield couldn't bear it anymore and laughed loudly, "It's like his soul has been drained out, and he has no energy left to talk.

, wasn’t it very outrageous to collect freight from farmers back then? Two bastards are where they are today.”

"Do you want to take a look at the progress of United Grain Company?" Annie asked lazily.

"I'll do it myself. The best thing for you right now is to stay well, dear." Sheffield stood up, bent down, kissed Annie's cheek, and said softly, "Thinking of Morgan, I'm full of energy now."

At this time, tobacco king James Duke was also defeated in the Supreme Court. Sheffield, who was observing the improved repeating gun at the United Firearms Factory, heard the news and curled his lips and said, "This is what I was planning to do at the beginning."

The tobacco king always feels so good about himself when nothing happens to him."

Still remembering the need to give him a hand, now looking at James Duke's defeat, it makes Sheffield feel like he is in a dream. The American Tobacco Company was found guilty of monopoly violations by the Supreme Court, and the company was divided into four.

The slave owner still felt that it was not enough. He understood the operating model of the American Tobacco Company. Simply put, it is free trade. The main production base of the American Tobacco Company is in China. If a real estate businessman becomes the president in a hundred years, he will be a perfect one.

Reasons for trade war.

Of course I thought so, but I definitely couldn't say it. After leaving the noisy shooting range, Sheffield made a phone call to James Duke, expressing his indignation at the suppression of many well-known companies by the federal government.

Although there is a relationship like Alice Roosevelt, these are two different things. Sheffield wants to make big business hate the Republicans as much as possible. Although the next election is still early, it doesn't matter. Some bad things can be said now.

After firing a shot at Roosevelt and the entire Republican Party, the slave owner returned to the factory with satisfaction and said, "It would be great if the accuracy of this carbine could be improved. Basically, I am very satisfied. But we must ensure that the technology is not leaked.

, and you all know the consequences of leaking."

Several engineers who took off their glasses nodded. Although they didn't know what the boss's purpose was, they just had to be obedient. This is the biggest characteristic of qualified talents.

As night falls, the residents of San Francisco are sleeping soundly, and everything seems very normal. As the sky begins to light up, it seems that a new day will begin again, and the city begins to recover, but the wake-up call on this day is destined to be earth-shattering.

While half asleep and half awake, the earth was shaking violently, and countless seemingly solid buildings collapsed along with cracks in the ground. An unprecedented earthquake replaced the alarm clock and woke up the entire California.

On the San Andreas Fault. From Oregon to Los Angeles, California, an apocalyptic scene is unfolding. San Francisco, in the middle, is bearing the brunt of the earthquake. The earthquake and subsequent fires have swept through the entire city.

Countless San Francisco citizens held torches and lit their houses on fire with their own hands, causing the many fire points to form a larger sea of ​​​​fire, devouring everything that could burn. This behavior further contributed to the expansion of the disaster and made all local rescue forces unable to do so.

Helpless.
Chapter completed!