Andrew Engel is an archivist at the Hagley Museum and Library in Wilmington, Delaware. He has posted a great piece on Bloomberg’s business history blog about the first GM bailout in 1915. His piece focuses on John Raskob, a Du Pont executive who helped to restructure General Motors and make it into successful enterprise.
The title that Bloomberg gave to Engel’s piece is, however, a bit misleading, as it may suggest to some readers that GM in 1915 got a bailout from the government, as opposed to private sector lenders.
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