A Study in Merger

Formation of the International Mercantile Marine Company

Datos Bibliográficos

ID9625643
AutoresThomas R Navin (Harvard University, autor de correspondencia), Marian V Sears (Harvard University Press)
Año1954
Volumen28
Número4
Páginas291-328
Fecha de publicación1954-12-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Business History Review (JOURNAL)
Identificadores de la revistaISSN: 0007-6805 • E-ISSN: 2044-768X
EditorialCambridge University Press (CUP) (PUBLISHER)
DOI10.2307/3111799
OpenAlexW2086406789
IdiomaEN
Citas recibidas3

Generalizations about the merger movement in America at the turn of the century have too open been predicated upon inadequate information about the motives and mechanisms involved and the results achieved. This has been particularly true of those combinations in which the firm of J. P. Morgan & Company was involved. The International Mercantile Marine Company merger of 1902 has hitherto been misrepresented as a promotion of Wall Street. The subsequent course of this venture shows how even a combination of the world's most astute bankers and shipping men could be misled in analysis and held powerless to affect their own destiny by the march of economic and political events. Not all the grand combinations of the early twentieth century yielded lush promotional profits; neither should the evidence of overcapitalization in such combinations always be accepted at face value

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