The International Mercantile Marine Company, originally the International Navigation Company, was a trust formed in the early twentieth century as an attempt by J.P. Morgan to monopolize the shipping trade.
John Pierpont Morgan, founder and owner of the IMM Co.
The Regina sailed for the Dominion Line and White Star Line before being transferred to the Red Star Line under the name of Westernland.
The IMM company vice president released a statement following the sinking of the RMS Titanic, assuring that despite the lack of communication from the ship, she was "unsinkable".
Trust (business)
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A trust or corporate trust is a large grouping of business interests with significant market power, which may be embodied as a corporation or as a group of corporations that cooperate with one another in various ways. These ways can include constituting a trade association, owning stock in one another, constituting a corporate group, or combinations thereof. The term trust is often used in a historical sense to refer to monopolies or near-monopolies in the United States during the Second Industrial Revolution in the 19th century and early 20th century. The use of corporate trusts during this period is the historical reason for the name "antitrust law".
The Rockefeller-Morgan Family Tree (1904), which depicts how the largest trusts at the turn of the 20th century were in turn connected to each other.
Octopus representing Standard Oil with arms wrapped around U.S. Congress and steel, copper, and shipping industries, and reaching for the White House.