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Jay Cooke: The Napoleon of Finance $1.49 Wars cost money and it is axiomatic that the larger the war, the longer it lasts, the more it costs. The American Civil War was colossal and protracted; both sides were in desperate need of funds.Lincoln thought he would need $400 million to prosecute the war. It ended up costing billions. Fortunately for the Union, a relatively unknown banker, Jay Cooke, stepped forward and helped change the cour… |
