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Jay Cooke and the Northern Pacific
Railroad
Page entitled : Why Cooke
and Company failed
Content of this page is about :
Two theories to explain the failure of Jay Cooke and Company and the
personal consequences on Cooke, his relatives and minority partners
Extract :
...
What exactly happened
inside Cooke's firm in the days preceding the crash remains unclear. An
audit of the situation later showed that the financial situation of the firm
was far from desperate and that a failure could have been avoided. At least
this is what [Jay] Cooke claimed afterwards and forms the basis for a theory
of complot. It basically goes like that : ...
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