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Monday Morning Memo

Among the robber barons of the late 19th century, none was more ruthless and unscrupulous than Jay Gould, who used to commute to work up the Hudson River on a 200-foot yacht. Gould controlled the country’s largest railroad and the New York World newspaper and he made a fortune bigger than the Rockefellers. Jay Gould is all but forgotten outside of academia, but the government regulations put in place because of him continue to influence our business and financial markets. Author Greg Steinmetz tells roving reporter Rotbart, “You can hate Gould or hate him even more, but it’s impossible to deny that he played a role in America’s transformative economic expansion during the 19th century.” MondayMorningRadio.com!

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Random Quote:

“Their occupants were members of dying dynasties, long forgotten – families whose names had filled entire pages of the local papers in the days when trams were still regarded with skepticism as a modern invention. Now they were the hostages of a rapidly fading era who refused to abandon their sinking ships. Fearing perhaps that if they dared step outside their withered homes they might be turned to ashes and blow away in the wind, they wasted away like prisoners entombed in the relics of their lost glory.”

- Carlos Ruiz Zafon, Marina, p. 8

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