Chapter 278 Bad news before the reorganization(2/2)
And this person is Francis' father, Henry.
That is, Henry Morgan mentioned in Vadak's report.
Henry Morgan is here, as Evan guessed, for the Bank of America.
Since the implementation of the Marshall Plan, Wall Street's funds have been restored a lot. Especially after the establishment of the Brettonson system and the UK depreciates the British pound, the US dollar appreciates and becomes a global currency. Wall Street uses this to become the dominant of the world's financial industry.
As strength recovers and expansion becomes the natural choice of giants. So the two major consortiums led by Rockefeller and Morgan naturally turned their attention to the western part of the American continent, a gold rush a hundred years ago, and now a major land in the United States.
California is the top priority.
Because of World War II, California brought together a large number of military-industrial enterprises, with a very developed banking industry, a large population and unique geographical conditions, and California's economic strength is very outstanding. On this economic basis, three local consortiums, the Bank of America, the San Francisco and the Los Angeles consortium, were born.
However, local consortiums are local consortiums. Although they can dominate locally, they are not even considered a younger brother in front of Rockefeller and Morgan.
The two giants are targeting California, with two main goals: one is a core bank like Bank of America, and the other is a military-industrial enterprise in California.
Military industry and banks are the most profitable businesses at present, and both Rockefeller and Morgan attach great importance to it.
The death of Giannini, the head of Bank of America, was the fuse that led to the two families' visits to San Francisco in unanimous manner.
Chapter completed!