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Jay Gould was a prominent American railroad builder and financier. He illegally issued new stock for Erie Railroads in the "Erie War" with Vanderbilt.
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Jay Gould was on born May 27, 1836, in Roxbury, New York. In the 1860s, he became a stockbroker on Wall Street and manipulated the price of stocks. In 1868, he used illegal methods to issue 100,000 shares of new stock for the struggling Erie Railroads. In the 1880s, he was pushed out of the Union Pacific Railroads, but regained control in 1885. He died on December 2, 1892 in New York City.
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