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Morgan did have a hand in the creation of the Federal Reserve, and owned the International Mercantile Marine, which owned the White Star Line, and thus the Titanic. [13] Morgan, who had attended the Titanic 's launching in 1911, had booked a personal suite aboard the ship with his own private promenade deck and a bath equipped with specially ...
Gardiner uses as evidence the length of Titanic ' s sea trials. Olympic ' s trials in 1910 took two days, including several high speed runs, but Titanic ' s trials reportedly only lasted for one day, with (Gardiner alleges) no working over half-speed. Gardiner says this was because the patched-up hull could not take any long periods of high speed.
The series follows the lives of the people who made the Titanic, from the workers who built it to its rich financiers.Dr. Mark Muir, an engineer and metallurgist, convinces American tycoon J. P. Morgan to hire him for the biggest shipping project in the world, the construction of the RMS Titanic at Belfast's Harland and Wolff shipyard.
In 1902, Ismay oversaw the sale of the White Star Line to J.P. Morgan & Co., which was organising the formation of International Mercantile Marine Company, an Atlantic shipping combine which absorbed several major American and British lines. IMM was a holding company that controlled subsidiary operating corporations.
The sinking of RMS Titanic, a trans-Atlantic passenger liner owned and operated by the White Star Line, occurred in the early hours of April 15, 1912 while the ship was on its maiden voyage from Southampton, United Kingdom, to New York City, United States.
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Through the American commission of inquiry devoted to the sinking, Senator William Alden Smith openly attacked the very principle of the company and Morgan. [23] As had been arranged before Titanic sank, J. Bruce Ismay retired as president of IMM in 1913 and was succeeded by Harold Sanderson [24] Morgan died on 31 March 1913. [25]
Docking at Pier 59 under the command of Captain Smith with the assistance of a harbour pilot, Olympic was being assisted by twelve tugs when one got caught in the backwash of Olympic, spun around, collided with the bigger ship, and for a moment was trapped under Olympic's stern, finally managing to work free and limp to the docks. [citation needed]