Search results for 'Morgan':

Morganization (noun) : a process of buying and consolidating of railroads.

It was after the Civil War when Mr. Morgan started buying distressed railroad businesses like the West Shore, Philadelphia and Reading, Richmond Terminal, the Erie and the New England railroads. Then on, this market strategy was called Morganization.

Submitted by: Kristian Yves Lovendino from Philippines on Feb. 03, 2006 20:02

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