Erie War

E132311

The Erie War was a fierce 19th-century Wall Street battle for control of the Erie Railroad, involving financiers like Jay Gould in a notorious episode of stock manipulation and corporate corruption.

All labels observed (2)

Label Occurrences
Erie War canonical 2
Erie War over control of the Erie Railway 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf 19th-century financial scandal
corporate control struggle
stock market conflict
conflictType battle for corporate control
country United States of America
surface form: United States
describedAs notorious episode of stock manipulation
symbol of Gilded Age corruption
endTime 1869
financialInstrument Erie Railroad stock
followedBy continued speculative operations in Erie Railroad stock
hasEffectOn public perception of Wall Street
reputation of Cornelius Vanderbilt
reputation of James Fisk Jr.
reputation of Jay Gould
hasHistoricalSignificance became a classic case study in financial speculation and corruption
illustrated weaknesses in corporate governance in the 19th century United States
hasKeyEvent bribery of members of the New York State Legislature
flight of Erie directors to New Jersey to avoid arrest
issuance of new Erie Railroad shares to dilute Cornelius Vanderbilt’s holdings
legal battles in New York courts over Erie stock
settlement between Cornelius Vanderbilt and Erie management
hasMainSubject Erie Railroad
hasParticipant Cornelius Vanderbilt
Daniel Drew
Erie Railroad
surface form: Erie Railway Company

James Fisk Jr.
Jay Gould
New York Central Railroad
industry railroad industry
involves bribery of public officials
issuing fraudulent shares
judicial corruption
political corruption
stock manipulation
stock watering
legalContext lax 19th-century securities regulation in the United States
location New York City
Wall Street
precededBy earlier attempts by Cornelius Vanderbilt to consolidate railroads
result Cornelius Vanderbilt
surface form: Cornelius Vanderbilt abandoned his attempt to control the Erie Railroad

Jay Gould
surface form: Jay Gould gained effective control of the Erie Railroad

increased public awareness of stock market abuses
large financial losses for Cornelius Vanderbilt
public scandal over Wall Street practices
startTime 1868
timePeriod Gilded Age

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Jay Gould notableEvent Erie War
James Fisk Jr. associatedWith Erie War
this entity surface form: Erie War over control of the Erie Railway
Daniel Drew involvedIn Erie War