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Jay Cooke - Civil War financier of
the Union
Page entitled : Jay Cooke
from E. W. Clark & Company to Cooke & Co
Content of this page is about :
How Jay Cooke rose to a partnership at E. W. Clark & Company and Clark &
Dodge and how he founded Cooke & Company with William G. Moorehead
Extract :
... Jay Cooke joined the firm in April 1839, E.W. Clark & Co was already one
of the leading stock brokerage houses in Philadelphia. But the period of its
strongest growth and prosperity was still to come, notably during the 1840s
and 1850s. In these years of unregulated banking, after the demise of the
Second Bank of the United States, private brokerage and banking firms took
an increasingly important role in the nation's money and credit supply. In
addition to their mediation role in stock and business transactions, brokers
acted as ...
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