The Erie War was a 19th-century conflict between American financiers for control of the Erie Railway Company, which owned and operated the Erie Railroad. Built with public funds raised by taxation and on land donated by public officials and private developers, by the middle of the 1850s the railroad was mismanaged and heavily in debt. A cattle drover turned Wall Street banker and broker, Daniel Drew, at first loaned $2 million to the railroad, and then acquired control over it. He amassed a fortune by skillfully manipulating the Erie railroad shares on the New York Stock Exchange. Cornelius Vanderbilt, who set his mind on building a railroad empire, saw multiple business and financial opportunities in railways and decided in 1866 to corner the market on Erie by silently scooping-up the Eri
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- Guerra del Ferrocarril del Erie
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| - La Guerra del Ferrocarril del Erie ("Erie War" en inglés) fue un conflicto del siglo XIX entre financieros estadounidenses por el control de la Compañía de Ferrocarriles del Erie, propietaria y operadora del . Construido con fondos públicos recaudados por impuestos y en terrenos donados por funcionarios públicos y desarrolladores privados, a mediados de la década de 1850 el ferrocarril estaba mal administrado y muy endeudado. Un ganadero convertido en banquero y corredor de Wall Street, Daniel Drew, prestó inicialmente 2 millones de dólares al ferrocarril y luego adquirió el control de la compañía. Acumuló una fortuna manipulando hábilmente las acciones del Ferrocarril del Erie en la Bolsa de Nueva York.
- The Erie War was a 19th-century conflict between American financiers for control of the Erie Railway Company, which owned and operated the Erie Railroad. Built with public funds raised by taxation and on land donated by public officials and private developers, by the middle of the 1850s the railroad was mismanaged and heavily in debt. A cattle drover turned Wall Street banker and broker, Daniel Drew, at first loaned $2 million to the railroad, and then acquired control over it. He amassed a fortune by skillfully manipulating the Erie railroad shares on the New York Stock Exchange. Cornelius Vanderbilt, who set his mind on building a railroad empire, saw multiple business and financial opportunities in railways and decided in 1866 to corner the market on Erie by silently scooping-up the Eri
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| - La Guerra del Ferrocarril del Erie ("Erie War" en inglés) fue un conflicto del siglo XIX entre financieros estadounidenses por el control de la Compañía de Ferrocarriles del Erie, propietaria y operadora del . Construido con fondos públicos recaudados por impuestos y en terrenos donados por funcionarios públicos y desarrolladores privados, a mediados de la década de 1850 el ferrocarril estaba mal administrado y muy endeudado. Un ganadero convertido en banquero y corredor de Wall Street, Daniel Drew, prestó inicialmente 2 millones de dólares al ferrocarril y luego adquirió el control de la compañía. Acumuló una fortuna manipulando hábilmente las acciones del Ferrocarril del Erie en la Bolsa de Nueva York. Cornelius Vanderbilt, que se había propuesto construir un imperio ferroviario, vio múltiples oportunidades comerciales y financieras en los ferrocarriles, y en 1866 decidió acaparar el mercado de acciones del Erie, comprando silenciosamente títulos de la compañía. Después de lograrlo, Vanderbilt permitió que Drew permaneciera en la junta directiva en su anterior cargo de tesorero.
- The Erie War was a 19th-century conflict between American financiers for control of the Erie Railway Company, which owned and operated the Erie Railroad. Built with public funds raised by taxation and on land donated by public officials and private developers, by the middle of the 1850s the railroad was mismanaged and heavily in debt. A cattle drover turned Wall Street banker and broker, Daniel Drew, at first loaned $2 million to the railroad, and then acquired control over it. He amassed a fortune by skillfully manipulating the Erie railroad shares on the New York Stock Exchange. Cornelius Vanderbilt, who set his mind on building a railroad empire, saw multiple business and financial opportunities in railways and decided in 1866 to corner the market on Erie by silently scooping-up the Erie railroad stock. After succeeding, Vanderbilt permitted Drew to stay on the board of directors in his former capacity as treasurer.
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