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Jay Cooke

war firm civil

Cooke, Jay (1821–1905), U.S. financier who helped the federal government finance the Civil War. He formed the banking firm Jay Cooke & Co. in 1861, and sold over $1 billion in war bonds. His firm later underwrote the construction of the Northern Pacific Railway but failed in the financial crisis in 1873. Cooke made a second fortune in silver mining (1878–79).

See also: Civil War, U.S.

Terence James Cardinal Cooke [next] [back] James Cook

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