Chapter 194: Morgan marches into steel

The greatest benefit of this war was to help the United States increase its political influence. Through this war, like the world proved the rise of this country, and it quickly became a big country. At this time, the United States established its own position, thus It also provides favorable conditions for economic expansion and political expansion.
The country's ideas have been spread. Redefining the colony also means a change in the world ’s pattern. This pattern is the rise of a new power led by the United States. Through this battle, the United States defeated Spain, which has been rampant in the world for hundreds of years, to be a shuffle for the old political pattern.
The earlier colonial empire could no longer eat its old roots in the glory of its ancestors. The new powerful nation will inevitably eliminate the old colonial empire. This is just the beginning.
Because the United States mainly has a white population, this significance to other countries is not as great as the Russo-Japanese War. It was only when Japan defeated DiRussia that it really showed that white people could be defeated. In fact, in Sheffield ’s eyes, white nations could have been defeated. If there were no Sino-Japanese War, the combined fleet and the Beiyang fleet would not be a problem to defeat the colonial empire of Spain.
The colonial empire with a low military power now still has the Netherlands, but the United States has no reason to start the Netherlands. Furthermore, if you continue to work on Spain and the Netherlands, European countries may really wake up and re-examine this emerging power in the Americas, which is equivalent to staging a gun for the German Empire. This kind of thing cannot be done.
The Battle of Manila Bay has made George Dewey a hero among citizens. Various newspapers have been serializing his critical situation, commanding Ruoding, etc., and a new round of the god-making movement has been launched.
The battle of Manila Bay is not over, and the United States has begun to organize expeditionary forces. During this window period, Theodore Roosevelt in New Orleans finally recruited a decent force to follow himself to the Cuban battlefield.
If the Spanish fleet in the Atlantic has not yet appeared, and the issue of sea power has not yet been won, Theodore Roosevelt may have already done so. However, because of the news of Asia ’s victory in the naval warfare, the president of the future is in a very good mood. He often talks about his optimism about George Dewey, "Does William know this hero?"
Theodore Roosevelt, who has always had a heroic complex, asked with a smile, Sheffield pondered and nodded, "I heard of this person!" George Dewey blocked the South during the Civil War and helped the Federal Army overcome the largest in the South. In the city of New Orleans, Brigadier General Wharton of the Union State Marines resisted to the last moment. After New Orleans was captured, all but the Texas had surrendered.
Of course, this point is not worth narrative, it is a thing of the past, and Texas has a special status anyway.
"Now is the right time, my dear son." Headquarters, the old Morgan was refreshed in front of his son, and was not bothered by the previous little irregularities. In fact, he was never bothered. . Although the use of Westinghouse Electric to disrupt the electrification of the South was not successful in the end. But it doesn't matter. The southern region is large but the population is small and there are few large companies. GE still has an advantage.
"Father, I just don't know if it will be smoother this time." Little Morgan obviously didn't see it with his father. After grasping the Coca-Cola company's stock for a long time, he had to bow his head to the market prosperity, even if he was himself. The strength of the family in the financial industry can not distort the market for a long time, and finally let go of the opportunity to teach the Texas landowner a lesson.
"Of course it will be very smooth. I have made the preliminary preparations. This time I started with a small steel company, slowly approached the goal, and then slowly achieved my goal. In the process, be patient and do everything. The preparation of the opponent. "Old Morgan laughed very cunningly, like an Arctic fox." Although Rockefeller first created the trust model, he was also targeted by the federal government because of this first, and I have been very In the complex and ever-changing financial industry, no one knows how many shares of the company I own without a few years of investigation, and Standard Oil has stood there all the time. In fact, it can also make me do many things. "
"The move to the southern joint company was only a loss to the stubborn head of the Dixie, it does not mean how powerful Annabel's heir is. And I am now ready to close the net." Old Morgan put on his jacket, He said to his son, "Come on, go talk to the prey with me."
For this action, Morgan prepared a lot of time, and also formulated a series of strategies to draw up a list of all steel companies in the country, distinguish ownership according to the status of assets, establish an investigation team, go deep inside the company, and start with finance, Grasp the shareholding structure and operation management structure, etc .; implement the capital increase plan to give reinvestment opportunities; issue stocks and use credibility to draw some social funds into the enterprise.
It sounds like some steps are not very legal, but it does n’t matter. Morgan has already made arrangements for the lawyers, and even worked many of the lawyers who bought the target.
After each economic depression, it is an opportunity for a real financial predator to open his mouth. Just like the economic crisis of 20 years ago, due to the economic depression, the transportation volume of the railroad system of the United States has also dropped greatly. Although many railways are still operating, they are only to fill part of the fixed costs. In the case of wolves and less meat, in order to survive, the competition in the railway industry is intensifying.
On the popular arterial railways between some major cities, competition forced railway companies to significantly reduce freight rates and traffic. In order to supplement these losses, they increased the price of the branch railways they controlled, which will inevitably make large customers more affordable and make small customers more exploited, which intensified the contradiction. Angry farmers even directly attacked the railway and government departments.
In the railroad field, Morgan is actually not a person standing on the wind, but he caught up with the economic crisis and saw with his own eyes how railroad stocks, which account for more than half of New York's trading volume, have become suicide manufacturing machines. During the economic crisis of the 1970s, he was still in the stage of learning, but in the economic crisis of the 1980s, Morgan, who had once had experience, shot for the first time and became a figure alongside the Vanderbilt family.
However, compared to everyone knows, the railway king Vanderbilt, Morgan, the financial banker who entered the market but has become a parallel trend, is not known. He hides himself through a series of trusts and cross-shareholdings. .
This time Morgan saw the recovery after the economic crisis. It happened that during the war, not only the United States and Spain had fought, but the British Empire was also preparing to make a big move in southern Africa. The steel industry entered his sight, and the current environment is easy for him Recalling that after the economic crisis ten years ago, he infiltrated the environment of the railway industry. No, it is better now than at that time, because war is more conducive to his hiding.
Prior to this, he had used financing to arrange the senior management of Morgan to Illinois Steel Company and Minnesota Steel Company, thus controlling the real power of these two steel companies. It can be considered as an early preparation for entering the steel industry, which laid a solid foundation for the subsequent mergers and acquisitions.
I came to Morgan's meeting room, and followed the little Morgan who was behind his father. He witnessed how his father took a solid step into the steel industry, and the opponent sitting on the other side was the owner of the American Wire Company, John Engates. From the very beginning of the negotiations, Morgan has firmly seized the initiative and is well aware of John Engates's company, including the shareholding distribution structure, financial expenses, and profits, all of which are clear.
And one by one, the counter-arguments put forward by John En Gates finally pointed to the lawyer brought by John En Gates, "If Mr. John thinks that I am just exaggerating, then you can ask the lawyer you have long trusted. "
"Boss, I'm sorry, Mr. Morgan is talking about the current situation of the company." John En Gates' lawyer had to speak, and there was a trace of guilt in his voice, but John En Gates did not hear it.
Then Morgan gave the benefits that it can bring after the acquisition of American Wire Company, including greater financing and the economic effects brought by it, listing the benefits one by one. At the beginning of this negotiation, it was like Morgan ’s unilateral cheating. Under the premise of deciding the other party, it still retained a very big advantage, which was difficult to refuse.
How many people in the entire United States can reject Morgan? Maybe there is, but the simple conclusion of the negotiations shows that John Engates is not such a person. Soon he signed the M & A contract. With his own personal experience, the old Morgan completed a vivid teaching lesson in front of his son.
"The United States will definitely enter the era of large-scale steel demand, and the demand for steel will soar in the next few years. This industry must be promising, but the steel industry has a very difficult opponent, I mean to start with A good steel company started.
After completing this textbook-like merger, the old Morgan said to his son as he walked,
We ​​waited until we packed up the average steel plant, and finally we had a good relationship with Carnegie. Talk. "
A few days later, the news of the establishment of the US Steel Company caused a huge shock in the steel industry, because the new US Steel Company reported that it was established under the leadership of Morgan Capital Injection.