Yes, we are both correct,
JP Morgan was the sponsoring banker while Thomas Edison was the client Industrialist producing and selling the product.
Both heavily invested in the wrong technology.
Lectures 2 & 3 go deep in politicians /businessmen involved in corrupting the railroad industry. Most aren't interested in that because the railroad doesn't affect them today. If this is you, start listening at lecture 4.
Lectures 9 - 13 are particularly important. These lectures go deeper into Rockefeller's and Morgans exploits than anywhere else I've heard. Highly recommend a listen.
Yes, we are both correct, JP Morgan was the sponsoring banker while Thomas Edison was the client Industrialist producing and selling the product. Both heavily invested in the wrong technology.
Listen to Nobel Prize Winner in Economics (and Libertarian) Murray Rothbards 1986 lectures on US Economic History from 1870s to 1940s
https://cdn.mises.org/itunes/en_282.xml
Lectures 2 & 3 go deep in politicians /businessmen involved in corrupting the railroad industry. Most aren't interested in that because the railroad doesn't affect them today. If this is you, start listening at lecture 4.
Lectures 9 - 13 are particularly important. These lectures go deeper into Rockefeller's and Morgans exploits than anywhere else I've heard. Highly recommend a listen.
Thank You