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J ay Gould

J ay Gould . (1836-1892). The Beginning . Jay Gould was born on May 27 th 1836 in Roxbury, New York Gould devoted his time to private study, emphasizing in mathematics and surveying

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J ay Gould

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  1. Jay Gould (1836-1892)

  2. The Beginning • Jay Gould was born on May 27th 1836 in Roxbury, New York • Gould devoted his time to private study, emphasizing in mathematics and surveying • He worked multiple jobs such as bookkeeping for a blacksmith, helping his father at his hardware business and engaging in the lumber and tanning business along with his partner Zadock Pratt • He moved to New York City in the 1850’s and learned the ways of Wall Street • In 1859, Gould speculated in the stocks of small railroads

  3. Railroad System • In the late 1800’s, he began to invest in railroads. One of his first projects was the short Rutland and Washington • In 1867, James Fisk and Gould became the directors of the Erie Railroad • By 1873, he extended the railroad lines to Chicago, Illinois • Purchased New York Worldnewspaper in 1879 • Controlled the great Union Pacific railroad in 1874 • In 1880 he was in virtual control of 10,000 miles of railway, about one-ninth of the railway mileage of the United States at that time • Obtained a controlling interest in the Western Union Telegraph Company, and the elevated railways in New York City in 1881 • He began building a new railway system, centered on the Missouri Pacific Railroad, that constituted one-half of all trackage in the Southwest by 1890

  4. Competition • Jay Gould’s main competition were Daniel Drew, James Fisk, and Cornelius Vanderbilt • Gould sent these three men into bankruptcy, and became notorious in the Erie Railroad’s stock

  5. Achievements • Gould was an empire builder who sought to create railroad and communication systems capable of meeting the needs of an expanding nation. • Monopolized the Railroad System • He operated New York City's elevated railroad and led Western Union to victory in its battle for control of the telegraph industry • His railways were ultimately connected to many of the largest railway financial operations in the United States for twenty years

  6. Death • Jay Gould left a fortune estimated at $77 million • Gould donated a small portion of his money to the Vanderbilt Union Navy • He willed majority of his fortune to his children • Gould died of tuberculosis on December 2nd, 1892

  7. Authors Alina Apelian Chris Barbecho Miguel … Byron Allen

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