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Jay Cooke's gamble; the Northern Pacific Railroad, the Sioux, and the Panic of 1873.


Jay Cooke's gamble; the Northern Pacific Railroad, the Sioux, and the Panic of 1873.

Lubetkin, M. John.

U. of Oklahoma Pr.


380 pages




Retired from his day job, Lubetkin is a board member of the Northern Pacific Railway Historical Association, though he lives in Virginia. He can explain. The story he tells about the surveying and building of the railway combines the American frontier and American business. Cooke, head of the country's most prestigious private banking house, put lots of money into a scheme that not only violated the common sense rule that a railway had to go from somewhere to somewhere, but also rubbed the nose of Native Americans in Anglo expansion. When the stock market crashed, Cook lost everything, but the project changed the course of US history.

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Publication:Reference & Research Book News
Article Type:Book Review
Date:Aug 1, 2006
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