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The International Mercantile Marine Company, originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade.
The White Star Line, the Oceanic Steam Navigation Company was, from 1902 until 1927, a wholly owned subsidiary of the International Mercantile Marine Company (IMMC). From its inception thirty years earlier up to the turn of the century, it was probably the most successful of the British transatlantic carriers.
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Apr 1, 2012 · THE MOST IMPORTANT SHIPPING EVENT in North Atlantic history was the creation of the International Mercantile Marine company (IMM) in 1902. This giant shipping trust was the brainchild of...
Jul 24, 2012 · 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 ...
The International Mercantile Marine Company was incorporated in October, 1902 by Messrs. J. P. Morgan & Company to consolidate the various steamship lines running between the United States and Europe.
Jun 15, 2023 · The International Mercantile Marine Company was founded by the investment banker, J.P Morgan. By 1900, the steamship industry was booming due to large levels of migration and rapidly improving shipping technology, making this a lucrative trade.
Oct 1, 2020 · By John Edwards People. On 1 October 1902, financier J.P. Morgan announced the formation of the International Mercantile Marine Company, a trust that sought to control global maritime shipping. White Star Line was the trust’s crown jewel. As a US citizen, Morgan could not directly own British ships, but he could own the company that owned the ...
