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Harriman vs. Hill
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Harriman vs. Hill: Wall Street's Great Railroad War

Larry Haeg

Abstract

The two most powerful men in the nation’s dominant industry, Edward H. Harriman and James J. Hill, got into a fight in 1901 for control of the nation’s western railroads. The battle also pitted the Rockefellers versus J. P. Morgan, “Big Oil versus Big Steel,” and the nation’s two largest banks, First National and City National. The two sides fought over a government-chartered northern “transcontinental” railroad that became the key to control of Chicago and Pacific trade with emerging markets in Asia. In the span of only seventeen hours in four days in May 1901 its stock rocketed from $110 a s ... More

Keywords: Railroads, Wall Street, Free enterprise, JP Morgan, Theodore Roosevelt, Sherman Act, Anti-trust, Competition versus combination, James J Hill, Edward Harriman

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780816683642
Published to Minnesota Scholarship Online: August 2015 DOI:10.5749/minnesota/9780816683642.001.0001

Authors

Affiliations are at time of print publication.

Larry Haeg, author