I have just finished reading the book “The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould and J.P. Morgan Invented the American Supereconomy” by Charles R. Morris. It is a fascinating book about these entrepreneurs and the growth of the rail, steel and banking industries. Each of these men had their own style in business strategies and business relationships, cautious to aggressive, bully to patrician. Each of these industries went through their boom and bust cycles, none more than the railroads. Continue reading →