tions by J.P. Morgan
After the Depression in the mid-1890s, the establishment of huge monopolistic trust societies in the United States accelerated again when prosperity returned in 1897.
The story of the International Merchant Marine Society, a mammoth and “poorly thought out adventure,” begins in many ways with Atlantic shipping.
In 1902, J. P. Morgan founded the International Mercantile Marine Company with an investment of around $120 million. In this way, she bought Red Star Lines and White Star Line and gained control of more than half of the Atlantic commercial marine market.
The White Star Line, a 100% subsidiary of IMMC, was probably the most successful British transatlantic company for decades.
The most famous ship in the IMMC fleet was the legendary Titanic, which sank on its maiden journey in 1912. The RMS Titanic will always be remembered as the largest ocean steamer in the world that sank on his maiden journey, from Southampton to New York.
The demise of the Titanic caused the death of 1,514 of the 2,223 people on board, making it one of the greatest shipwrecks in peacetimes in history.
The Titanic was the second of the three line ships that formed the Olympic class, owned by the White Star Line, and was built between 1909 and 1911 at the Harland and Wolff shipyard in Belfast.
