JAY GOULD
“the man of money”
Jay Gould Biography
Jay Gould was born on May 27,1836
and died on December 2nd 1892.Jay
Gould is best known as Americas
top railroad developer and
American financer.
Born into poverty he was seeking for
more than farming in life, therefore
he became an investor in railroad
and quickly became a master in
financial dealings.
He quickly learned the rule of
Business, Gould is part of the small
group of men that will change US
History and take US to a level of
greatness. He is also known as one
of the kings of wall street.
Jay
Gould
How Did Jay Gould Acquire His Wealth &
Treat His Workers?
• Jay Gould was known as a power on
Wall Street because of his success in
investing in railroad stocks.
• In 1867, he became director of the Erie
Railroad.
• He bought large pieces of Union Pacific
Railroad stock and made it his
responsibility to control the railroad.
• He continued to purchase additional
railroad lines for his own, making his
railroad empire the largest in the United
States by 1881; it covered 15% of the
United State's railroad mileage.
• Jay Gould pushed his workers to excel at
their job to be the best they can be in
business world.
How Did Jay Gould Spend
His Money?
• Jay Gould worked hard on managing companies
and trying to integrate his railroad companies.
• In 1872, Jay Gould began buying large blocks of
stock in Union Pacific Railroad Company.
• Gould conspired with others to control the gold
market by buying all the gold available in New
York City.
• However, he made a fortune off of his gold
transactions.
• He became an investor on Wall Street and became
masterful in financial dealings.
How he donated his
money
Jay Gould was clever enough to
contribute his money to Opera
house because the Other rising
industrialists were already
donating enough to Charity.
So Gould tried out something new.
On January 1869 Gould and Fisk
brought the Pike ‘s theater and
renamed it Grand opera house.
The Grand Opera house became a
place for amusement and the most
valuable piece of theatrical
property in the city for several
years because there was no
competitor on the west side
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Why was he better than
other “Robber Barron”
Jay Gould is better than other Robber Barron
because he succeeded in creating railroads and
communication system that led to the expanding
of the nation.
Jay Gould was like a chess master who usually
had hold his position well enough so that he is a
move or two ahead of everyone.
He knew that the nation had to be built and
brought up to the top because after all the civil
war brought a lot of Damages to the nations
economy. In order to do this he treated his
workers in such way that they would not grow
lazy and their laziness would not prevent the
nations economy from moving forward.
For Gould the meaning of life can be expressed in
simple formula wealth equals success.”
“Purred like a cat and struck like a cobra”
Which Made him one of the most successful
Jay Gould
industrialist of his era.
Conclusion-was he a Robber Barron or
captain of Industry?
Jay Gould was a captain of Industry even though history depicts
him as a robber Barron. Gould did not have the best
reputation,infact he at point was considered the most disliked
person of his era, but during this time its not Honor that most
men seek its money and profit that matters and Gould knew
exactly how he can acquire wealth in a age of scandal and
corruption.
His harsh and Ruthless behavior prevented others from
dominating him because if you are weak then someone will
dominate you and take you over, Failure is not a option it’s a
time where everything is about winning which led Gould into
creating vast amount of wealth that benefited him and the
country.
When comparing Gould to other entrepreneurs of his era Gould
may seem like the worst one of all. This is because he never
received credit for his enormous contributions.
Unlike other industrialist Gould was clever and skillful. he
brought stocks that were low and made great fortune out of it.
For example when he first bought the union Pacific railroad the
stocks were quite low but he then added two main system and
eventually the price of railroad went up.