Chapter 1456 The Morgan Consortium
Section 1456 The Morgan Consortium
"Hehe, I'm really strange. No one should be able to see my outfit. I am very confident in this. Generally speaking, my son would not recognize me. I didn't expect you to Recognized, this gentleman is really powerful, then since you recognized me, you should know the purpose of my coming here, if I guessed correctly, your power should not be small on this continent. m” Li Cong felt that since he was recognized, there was no need to cover up, and besides, he could not stay in the United States for too long, so he could speak directly if he could speak directly.
"Mr. Li, you can just call me Mike. I haven't left here for decades, but my people are from all over the world. It is not difficult to find out that you are from China, and you Said that your name is Li Yi. As far as I know, Qin Wuye has no connection with the people in Huaxia, and you said that he is an old friend. The only old friend of his in Huaxia whose surname is Li is that one Now, I don’t know if my logic is right?” Mike said with a smile, this point is really not wrong, there are indeed a small number of such smart people who can only know themselves after 20 years of history.
"Since our forces can find Mr. Li, then we should not be weak. The purpose of your coming to me is to make something happen inside the Skull and Bones. We are pawns in your hand. If someone else I definitely wouldn't be happy to be a pawn, but I don't mind. Although I don't want to be a pawn, I also know that being a pawn is not easy to be seen by Mr. Li, so I gladly accept it, it's just me I hope that Mr. Li will not underestimate us. What I mean is that when something happens, I hope that Mr. Li will not just abandon us, but this thing is in the hands of Mr. Li. If Mr. Li wants to cooperate with us, he must You just have to show enough sincerity." This guy is different from the people Li Cong met in the past. Others believe in Li Cong's reputation, but sometimes Li Cong treats his partners really badly. , this guy also understands this very well, so he needs Li Cong's guarantee, but not the previous verbal guarantees.
"I really appreciate Mr. Mike's quick talk, but I don't know what kind of guarantee Mr. Mike wants from me? Please tell me clearly." Li Cong didn't pretend to take a sip of the coffee in front of him. , the taste is good, it seems that this guy is also a person who knows how to enjoy, although the things in this room are not very good, but some small things are very delicate.
"Hehe, it's very simple. I have to have Mr. Li's things here, and this thing has to be something that Mr. Li can't give up. As far as I know, Mr. Li's gold reserve center in New York has The 6,000 tons of gold are used for various settlements. I wonder if the money can be placed with me for safekeeping? Of course, Mr. Li can send a special person to keep it. We also have a large treasury, at least to ensure that Mr. Li There is no problem with the safety of this batch of gold, of course my people will not enter the yard, how about your people taking care of everything?" Mike thought for a while and said, Li Cong has the largest gold in the world on the surface. The reserve has its own 6,000 tons of gold, which is something that almost everyone on earth knows,
So Li Cong was not surprised by this, but this guy's appetite is a bit too big, just like what he said, even if Li Cong has a huge gold reserve, 6,000 tons of gold is definitely not a small amount, Li Cong only used 3,000 tons of gold to mess up the financial market in Europa. This guy opened his mouth and sold 6,000 tons of gold. The way this gold is sold is different from other things. 500 RMB per gram, for ordinary people, it is not a lot to get tens of grams, but if you want to buy in large quantities, the price is not like this. The largest single purchase of 700 tons of gold in the London precious metals trading market was previously The case lasted six days, and the final price was as high as 700 yuan per gram, which increased the price by 40%. You have plenty of money for this thing, but if you want to buy more, he has no goods. The annual output is more than 1,000 tons.
"Mr. Mike's appetite is really not small. I don't know if you know that according to today's gold price, it is about 500 RMB per gram, a ton is 500 million RMB, and 6,000 tons of gold is 3 trillion RMB. If you If all the batches go out, I guarantee that it will reach 5 trillion yuan. What qualifications do you have for me to keep 5 trillion yuan? Although I am rich, 6,000 tons of gold or 5 trillion yuan is definitely not a problem for me. Small amount, have you ever thought about how much I will lose if you swallow this money directly?" Li Cong wanted to know how much profit this guy could bring him, and he didn't mind if this guy could The one who spent this money was just like what he said, he was very rich, and it was no problem for him to look at things with astronomical figures.
"Hehe, you can rest assured Mr. Li. Our Three-d Party definitely has its own capabilities. For example, this time Mr. Li's whereabouts. How could our analysis expose Mr. Li so easily? An important reason is that Mr. Li went to see the boy from the Rockefeller family, in fact, that boy belongs to us, and Miss Baring in front of me, she also has a very good identity, she belongs to the Morgan family." The words are not It's very long, but it's very shocking. I didn't expect it to be Crouching Tiger, Hidden Dragon.
Li Cong glanced at this woman again. It turned out that when he came in, he knew that she would definitely have a powerful identity, but he would never have thought that he would be so powerful. This Three-D Party is definitely not as simple as it seems on the surface. , this guy is from Rockefeller and Morgan, this is not a joke, this guy has recruited the two largest consortiums in modern times to his subordinates, it seems that I need to look more.
Speaking of which, the Morgan family's first pot of gold came from an American businessman. In 1835, American businessman George Peabody came to London. At that time, the United States and even the whole world were experiencing the crisis brought about by the "new economic bubble". People relied on loans to frantically build railways, canals, and roads. At that time, people did not want to "pay" for these new things, just like the current The same goes for the web.
At this time, Peabody was seeking loans from British banks for the US state of Maryland. He is very patriotic. He threw a feast for a dozen bankers in Britain (presumably similar to Hu Xueyan, a Chinese banker at the same time, who invited people to eat "flower wine"). He persuaded them that the Americans were not liars, and he also threatened kindly, "You have to continue Provide new loans to the United States to ensure that previous loans can be repaid.” So the proud British banker allocated another $8 million in loans to Maryland.
The British said, "Peabody borrowed the money for his own sake." In addition, in order to reduce the British's prejudice against Americans who "see money for money", they still gave up the $60,000 commission due to him by the State of Maryland. . In short, we can see Peabody's unusual talent and style.
Peabody was talkative, but plain-looking and not very British. It never occurred to anyone that he was the founder of the noble Morgan family. Later Morgan, whose partners were known for their family background, beauty and fashion.
Peabody was born in Massachusetts, only went to school for a few years, and worked with his brother to support his widowed mother and six younger siblings since he was a teenager. Poverty in his early years affected his whole life: gathering money, working hard, narcissistic, extremely sensitive to contempt, out of place in this world; patriotic;
In 1837 Peabody moved to London. A year later, he opened a shop, but there was only a counter, a safe, and a few desks. However, by virtue of his talent, he quickly entered the business circle composed of outstanding bankers. These people are both in the fabric business and provide financing to those who do it. In fact, their business name has become a merchant bank. And created a financial wholesale business, instead of the "mediocre business" of ordinary bank deposits and transfers.
At this time, "it is impossible for ordinary people to deal with Peabody", because Peabody only serves the governments of various countries, large companies and rich people, they provide funds for world trade, issue bonds and stocks.
Peabody set up a firm in London and planted the American flag on foreign soil. He showed off his country's style and held up the Stars and Stripes to promote American products. He declared that Peabody Company was "the first company in the United States", he kept sending funds to the United States, he decorated it with beautiful magazines in the United States, created an American atmosphere and became an American news center. Behind his patriotism, he didn't want the British to underestimate him, and it also showed his inferiority complex.
And "his benevolence in his later years was as inexhaustible as his greed in his early years."
As early as 1857, Peabody began to fund a "Peabody College" in Baltimore; in 1862, he began to transfer 150,000 pounds to a trust fund for the construction of poor housing projects in London, and immediately Deed transferred his bulk 5,000 shares in another company to keep the complex running. For this, he received the title of "Honorary Citizen of London".
In the last stage of his life, charity was staggering: donating a history museum to Yale University; donating a museum of archeology and anthropology to Harvard University;
Hugo wrote: "In this world, there are people who are full of hate and people who are full of love. Peabody belongs to the latter. It is on the face of this kind of person that we see the smile of God." Peabody, the original founder of the Morgan consortium, the highest praise!
And our jp morgan. His father, Juniors, was a wealthy businessman in New England. In the 1850s, Juniors was employed by George Peabody. Their business was booming, and they successfully introduced a large amount of British hot money into the United States, which was extremely scarce in capital. Juniors is determined to pass on his legacy to his children and grandchildren. He sternly asked his son Pierpont to take over the family business, helped him choose courses for studying abroad in Switzerland and Germany, and arranged for him to be an apprentice on Wall Street, and all events, big or small, might become the reason for him to teach Morgan. And George Peabody had no heirs in his life, and no one could inherit his huge property. He took great pains for this, and finally decided to invite the young Junius? Morgan (an) joins in. in george? After Peabody retired, Junius? Morgan took over the whole business and renamed the company Junius? Morgan Corporation (us s. anand mpany), at this moment, is considered to have Morgan.
Hartford, where Joseph lived, was the birthplace of the American insurance industry, but there were still only a handful of insurance companies at that time. In 1835, Joseph invested in an insurance company that assumed property losses for fires, hoping to make a steady profit. However, unexpectedly, a fire fell from the sky, and Joseph's investment was reduced to ashes. According to common sense, ordinary people will definitely be discouraged from this kind of investment when they encounter such unlucky things. The fact is also the same. After being scalded by the fire, many investors obediently tucked their tails and dared not get involved in the insurance company that undertook the fire insurance. However, Joseph, who has a business pedigree, is just the opposite of what ordinary people think. He believes that because of the impact of this fire, those policyholders have tasted the sweetness from it. If the investment company that undertakes fire insurance continues to operate, not only will the enthusiasm of policyholders increase unabated, but the deterrent effect of the fire can also be used to raise the price of insurance. On the other hand, due to the impact of the fire, the number of companies that continue to operate and provide property insurance for fires will drop sharply. At this time, investing in the insurance industry will not only make a comeback and recover the lost losses, but also make a fortune. fiscal.
The situation was just as he expected. Seeing that they had to bear the compensation, those former investors transferred their shares at a low price one after another. Joseph, who knew what to do, tried to raise a sum of money to buy all these shares and continue to operate. That "Itna Fire Insurance" that was unlucky in the fire. Later, after his earnest persuasion, a friend was willing to contribute money to deal with the compensation with him.
After overcoming the crisis of paying compensation, the reputation of "Itna Fire Insurance Company" became famous, and the number of applicants continued to flow, and the insurance premium was doubled. In this gamble, Joseph not only earned back the compensation, but also made a net profit of 150,000 US dollars. Is this John? Pierpont? Morgan's grandpa who likes to take risks and gamble.
And the financial oligarch J.P. Morgan (j. nt an) we are familiar with was born a long time later. Speaking of which, he is the most important figure in the history of the Morgan family. He is an important figure in the history of American economic development. He made an indelible contribution to the development of the American economy. He was also the most important industrialist in the United States in the 1900s. He saw clearly that there was no one here. He helped fund the basic industries of the United States and achieved outstanding achievements in many fields-including railroads, steel, telephone, electricity, and banking. ,Insurance. From an unknown junior, J.P. Morgan gained a firm foothold in the strong financial world through hard work, defeated his opponents one by one, and finally developed into the No. 1 person on Wall Street in New York City and became the economic hegemony of the United States.
The "Morgan-style" business philosophy is: not afraid of risks, brave to challenge the strong, to achieve the goal of being the best, and at the same time be down-to-earth, step by step to achieve.
J.P. Morgan was born on April 17, 1837 in a wealthy merchant family in Hartford, Connecticut, USA. From his grandfather Joseph to his father J.S. Morgan, the Morgan family has been successful in business. His father, J.S. Morgan, was a wealthy businessman in New England. At first he engaged in the wholesale of dried vegetables, and later partnered with Peabody, a well-known banker in the city, to establish Peabody Company in London, specializing in U.S. treasury bonds, state bonds, stocks and foreign exchange. and other transactions. Their business was booming, and they successfully introduced a large amount of British hot money into the capital-starved United States. Perhaps it is precisely because of this special family atmosphere and business edification that Morgan has dared to think and do things since he was young, and he is full of business adventure and speculative spirit. His future development is also inseparable from the funding behind his father. J.S. Morgan strictly asked his son J.P. Morgan to take over the family business, helped him choose courses for studying abroad in Switzerland and Germany, arranged for him to be an apprentice on Wall Street, and all events, big or small, might become the reason for him to teach J.P. Morgan a lesson.
From the start J.P. Morgan showed a superhuman ability to seize opportunities. After graduating from college, he went to practice in Duncan's firm opened by his father's friend Wall Street. During a purchase, at the pier in New Orleans, a strange white man asked him if he wanted to buy coffee. The man introduced himself that he was the captain of a cargo ship traveling between the United States and Brazil, and he was entrusted to transport a shipment of coffee to a coffee merchant in Brazil. Unexpectedly, the buyer in the United States was bankrupt and had to sell it by himself. If anyone gives cash, he can sell it at half price. J.P. Morgan thought about it for a while, woke up from the initial surprise, and felt that the business was good, so he decided to buy the ship of coffee. He took samples of the coffee to all the customers in New Orleans who had connections with Duncan's, but no one accepted them, and they in turn advised him that maybe the coffee didn't match the samples, not to mention the fact that the crew had cheated buyers before. But Morgan felt that the captain was a trustworthy person, and he trusted his own judgment. So he resolutely bought the whole ship of coffee in the name of Duncan's firm first, and telegraphed the firm's headquarters that he had bought a ship of cheap coffee. However, Duncan Firm replied and severely criticized that it is not allowed to use the company's name without authorization! Cancel this deal now! Helpless, Morgan had to send a telegram to his father in London, asking him for help. With his father's acquiescence, he used his father's account in London to repay the money originally embezzled from Duncan's firm. He also bought cheap coffee from other ships under the captain's introduction.
Morgan wins! Facts proved that his judgment was correct: the cabin was full of good coffee, not only that, but when he was actively contacting customers, the production of Brazilian coffee was greatly reduced due to the cold, and the price of coffee in the international market soared by 2-3 times. Morgan made a fortune! His adventurous spirit amazed those who knew him well, and his father, who had struggled in the business world for most of his life, couldn't help but praise that a child can be taught!
With his father's financial support, J.P. Morgan established Morgan & Co. across the street from the New York Stock Exchange. His career has begun! The foundation stone of an economical skyscraper was thus laid!
At that time, during the Civil War, a young man named Ketham came to visit him one day, and he seemed to be casually referring to "Order No. 1" issued by President Lincoln on January 27, 1862. This order decided to mobilize the northern army in late February, and the army and navy will attack in an all-round way. The Civil War is about to enter a new stage. During this period, the northern army suffered heavy casualties. Morgan suddenly became excited. He thought that the price of gold was going to rise again. At that time, the Lincoln government was often plagued by a serious shortage of military expenditures. Poland, who later served as governor of Ohio? Joyce became the Minister of Finance, and he began to implement the "deficit government" policy. Despite the government's currency shortage, Joyce also issued war bonds with an interest rate of up to 7% in addition to national debt. As a result, an abnormal phenomenon appeared: if the Northern Army wins, the price of gold will fall, and vice versa, it will rise or even skyrocket. They have realized that this is a once-in-a-lifetime opportunity to speculate.
Shortly after their meeting, the Union Army was defeated at the Battle of Bull Deep River. In order to supplement the armament, Joyce hurriedly issued 2 million US dollars in war bonds, but no one subscribed, and finally had to resell them to London through the Union Bank of New York. Kecham quickly informed Morgan of the situation. They soon learned that the bonds were transferred through Pepperdine. After discussing with London Peabody, Morgan secretly bought a large amount of gold, half of the family. News of Peabody's purchase of gold spread everywhere in the United States and the United Kingdom, and the price of gold also soared. People began various investigations and speculations, because at this time the Northern Army lost more than one place, and the rise in gold prices seemed to have nothing to do with the shortage of armaments, daily necessities, and industrial supplies, so there must be an invisible hand behind it. Then the "New York Times" announced that the manipulator had been found, and he was the young speculator J.P. Morgan. The newspaper scathingly criticized the deliberate act of causing the price of gold to skyrocket. But criticism is criticism, and the price of gold is still skyrocketing. From this incident, it can be seen that the young Morgan was a little unscrupulous in order to make money. His father's explanation for this was that the kid was too brave. Morgan then hired a telegraph worker to contact front-line officers to know the news more accurately. There is no doubt that these news brought Morgan a lot of gold. Later, J.S. Morgan obtained top-secret information that the US government wanted to compensate the UK with 1 million pounds of gold. Needless to say, J.P. Morgan is making a fortune again.
After the Civil War, the Morgan firm prospered. His former colleague, Charles of Duncan's? Dabney and his cousin Gutwin both joined his company, and the company's name was changed to Dabney? Morgan firm.
As Morgan made profits again and again, he finally grew from an unknown junior to a rising star on Wall Street. Thus opened a new chapter in Morgan's brilliant career.
In 1869, Morgan joined the famous Sasco Hana Railroad dispute.
The Sasco Hana Railway is the main artery connecting the industrial cities and coal bases in the eastern United States. It starts from Albany, the capital of New York State, to Binghamton in northern Pennsylvania, with a total length of more than 220 kilometers. Binghamton has many railways leading to various coal producing areas and is a famous coal distribution center. Moreover, this railway connects to the Erie Railway in the south and reaches Chicago, an important city in the central United States in the west, through which steel from Pittsburgh and oil from the oil-producing river can be transported to New York. Therefore, in the eyes of industrialists, the Sascohana Regional Railway is simply a way to transport money. In August 1869, Wall Street speculators launched a fierce battle over the ownership of the railway. The fight is by Joey, a young speculator who dominates Wall Street in the speculative industry? Gould started. In order to seize the Sascohana Railway, he united the young and strong Jim? Fisk acts together. They cleverly took advantage of Washington's financial austerity policy, printed fake company exchange bonds in the Odoway Theater, and made about half of the railway's shares fall into their own hands. At the same time, they bribed judicial officials. The head office of Sasco Hana was seized. The New York State Court also ordered the removal of Sasco Hana Railroad President Ramjee from his post. Soon Gould then extended his ownership of the Erie Railroad to Binghamton in preparation for claiming ownership of the Sasco Hana Railroad. When his train full of armed men entered the Sasco Hana Railway, it was blocked by heavily armed company employees led by Ramjee. There was a fierce conflict between the two sides, resulting in heavy casualties. It became a major tragedy that shocked the United States. Only by dispatching troops to quell it.
Ramjee is determined to avenge this humiliation. He was introduced and turned to Morgan, who had become a young financial investor on Wall Street. After much consideration, Morgan agreed to help him. The way is to go to court with Gould. Morgan asked Ramjie to hire his father-in-law Trish and his assistant, lawyer Hunter. Ni, Trish and Hunt are listed as shareholders. The court fight quickly worked out, and the court reinstated Ramjee. Then they prepare for the struggle of the shareholder meeting. Tracy predicted that Gould and Fiske might threaten with force at the meeting. Morgan felt that his father-in-law's idea was correct, so he conducted careful consultation and arrangement with Ramjie and others. Early in the morning of the shareholder meeting, Morgan, Ramjie, Trish, and Hunter rushed to the venue, but they saw that Fisk had already arrived with many armed guards. Morgan found it funny to see them so tense. At this moment, a shout came from the entrance of the venue hall: "Fisk, don't move!" Then many Albany County policemen in gray uniforms appeared around, and Fisk was stunned. Under the command of the director, Fisk was arrested. Of course, no arrest warrant was produced, his crimes were not announced, and Fisk, who was intimidated, forgot to ask them to do so, so he was put on a carriage and taken away in a daze. Due to Fusk's arrest, Gould's plan to sabotage the meeting fell through, and the shareholders' meeting went smoothly. At the meeting, Ramjee continued to serve as president, and Morgan was elected vice president of the Sasco Hana Railway. Stepping out of the conference hall, Morgan couldn't help laughing. People later learned that the dramatic scene of arresting Fisk was entirely planned and directed by Morgan, and those so-called "policemen" and "police chiefs" were naturally hired.
After the general meeting of shareholders, Morgan actually replaced Ramjie and took control of the Sascohana Railway. Wall Street and even the whole of the United States are talking about this, and various speculations are pouring in. Invisibly, Morgan's popularity increased rapidly. No one denied his great success in the railway speculation industry for the first time, and some people described him as a newcomer on Wall Street with great skill, strategy and development prospects. "American People" commented on him: "As a business operator, Morgan competed against the most powerful financial capitalists with various weapons in the contemporary era. Carved out his own life."
The Early History of Morgan Group, Recording the Gone Monopoly Era
In 1871, the founder JP Morgan co-founded Drexel-Morgan Company, engaged in banking business such as investment and credit
In 1895, it changed its name to J.P Morgan Company and penetrated into industries such as steel, railways and public utilities.
In 1912, the Morgan consortium controlled 13 financial institutions, and was called "the banker's banker" by the American financial circle
In 1930, the total assets of the large banks and enterprises controlled by the Morgan consortium accounted for more than 50% of the eight major consortia in the United States at that time
From the perspective of the background, the Huaxia capital market after the mid-1990s is indeed similar to the American capital market where Morgan was located more than a hundred years ago: idle capital is surplus, the market is full of speculation, and investors hope that corporate leaders will turn out.
However, Morgan’s experience cannot be replicated. After underwriting US$200 million in US government bonds in 1898 and subscribing for US$1.8 billion in British national debt in 1899, Morgan became the world’s number one financial tycoon.
However, Morgan's financial means of integrating disorderly competitive industries is of reference value.
After the Civil War, the U.S. steel industry developed rapidly. The subsequent Spanish-American War and the Boer War caused steel prices to rise all the way, and profits soared. Mergers abounded, but disorderly price wars also emerged. Morgan believed that larger mergers and reorganizations were necessary to establish proper order in the steel industry.
For this reason, he first chose John? kindness? U.S. Steel owned by Gates? Wire Co. Morgan used various methods such as wooing Gates' lawyers to intimidate and lure him to reach an agreement: In US Steel? On top of the Wire Company, a federal steel company was established, including 265 steel companies across the United States.
Next, Morgan used this as capital to start the fight with Andrew? Carnegie's famed negotiations culminated in the acquisition of the latter's steel company for $400 million. In 1901, Morgan's own U.S. Steel Company was finally formally established.
In order to speed up the operation of the company, Morgan set high product prices on the one hand, raising the threshold of the industry by squeezing small and medium-sized steel companies; More than 700 related iron and steel enterprises.
After that, Morgan's U.S. Steel Company immediately began to cut prices. This strategy was quite effective. At the heyday of the company, the board of directors controlled 3/5 of the steel production in the United States and could decide the fate of nearly 170,000 steel workers. The U.S. Steel Company also became the first industrial company in the history of the United States with assets exceeding US$1 billion.
Today, the era of monopoly is over, and world business power has been dispersed among different institutions. As it is said in the domestic best-selling book "Morgan Consortium": In the future, there will never be any bank that is as powerful, mysterious and wealthy as the Morgan Consortium.
The Morgan Alliance and the Morgan Family are collectively referred to as the Morgan Alliance. In the Morgan alliance, the chain leadership of the board of directors is carried out with Morgan as the axis, and it is connected with major financial institutions with less than a large financial capital and more than 200,000, thus forming a huge and well-organized "Morgan system". This financial group occupies 33% of the financial capital of the United States, with a total value of nearly 20 billion US dollars! In addition, there are 12.5 billion US dollars of insurance assets, accounting for 65% of the US insurance industry. In terms of production, there are 47 directors of Morgan Corporation among the 35 major companies in the United States, including U.S. Steel, General Motors, Kenigat Copper, Texas Gulf Sulfur, Continental Oil, and General Electric. The penetration of Morgan & Co. in the railroad industry is well known. At the same time, it also owns ITT (International Telephone and Telegraph Company), National Cable, Postal Cable, AT&T (American Telephone and Telegraph Company) and so on in the communication industry. The Morgan Alliance has total assets of US$51 billion, and its affiliates include major trust companies such as Anakota Copper Mountain, Westinghouse Electric, and Union Metal Carbide. Adding all the above together, adding up all the total assets, and deducting the duplicate parts, the Morgan system before the Great Panic had a total capital of 74 billion US dollars, which is equivalent to 1/4 of the capital of all companies in the United States. 167 directors came out of Morgan Corporation, Controlling the entire Morgan system and executing orders issued by Morgan on Wall Street, what kind of hegemony is this! It's just that today's Li Cong seems to be a little different from others.
Not only in this respect, the Morgan family used to be creditors all over the world, and Li Cong couldn't keep up with them in this regard. Morgan has been a creditor of the French, Mexicans and Argentines, and the amount of borrowing is at least the total tax revenue of the government at that time or even more times. Li Cong admired it.
Being a creditor of various countries is naturally beautiful, and what Morgan is most proud of is that even the British Empire has to ask Morgan for help. The Hottentot country Bull (now South Africa), developed as a colony of the Dutch East India Company, became a colony of the British Empire after the Napoleonic Wars, and soon its diamonds and gold were discovered by explorers. It was developed, and the British Empire formulated a cruel and harsh colonial policy in order to develop diamonds and gold, which further deepened the conflict with the Boers who originally lived there. With the fierce conflict, the first Boer War broke out (1880-1881).
The British successfully expelled the Boers to the north, and took over and controlled all the gold and diamond producing areas. As a result, the confrontation between the British and the Boers further deepened, and finally the Second Boer War (1899) broke out. This time, the Boers learned the lessons of the defeat in the last war and used flexible and tenacious guerrilla warfare to deal with the British army, which troubled the expeditionary force of the British Empire. Moreover, after the start of the second war, the cost of the British war was unexpectedly huge, far exceeding people's estimates at the beginning of the war. The house leak happened to rain overnight, and the German emperor, who had always been incompatible with Britain, was ambitiously planning to build a large fleet. The British Empire has always been the boss of the sea, how can it tolerate others to replace it? It was inevitable to contend with Germany, so a fierce arms race began. While going to war and expanding its armaments, Britain's finances suddenly fell into an extremely difficult situation. It was powerless to rely on its own strength and had to ask others for help.
At this time, the British government first thought of Morgan, so it sent Belmont of the Rothschild Company's New York representative office to consult Morgan's advice and ask him for help. Morgan agreed without hesitation. Morgan first started with the first Boer War debt, responsible for the purchase of bonds worth a total of 15 million US dollars. Later, additional subscriptions were repeated. In fact, a total of US$180 million worth of UK government bonds were subscribed. Having done so many war debt and public debt transactions is of great benefit to Morgan.
By the beginning of the 20th century, it is no exaggeration to say that Morgan had become the creditor of the world. Li Cong raised his head and glanced at Miss Bahrain in front of him. Although she did not have the skills of their ancestors back then, it is estimated that this girl is an important figure in the family at this moment. There is also the Morgan family in the Skull and Bones, but in those huge In front of the giants, the Morgan family is just a superficial rich man, and their cooperation with the Three-d Party is just to take it to the next level. At this time, a simple-minded guy would probably agree to their idea immediately, but Li Cong would not do that. Li Cong clearly knew how powerful the skeletons would be. He could not agree to this condition unless they could control more than a quarter of the United States. Otherwise, his six thousand tons of gold would be worthless. Maybe it will become the spoils of the Skull and Bones, and I am facing a gamble, a gamble of 6,000 tons of gold. If you win, 6,000 tons of gold will buy one-third of the United States. If you lose, you will get the 6,000 tons of gold.