1.What was the effect or importance of James Fisk, Daniel Drew, and Jay Gould selling $7,000,000 worth of watered stock to Cornelius Vanderbilt in his attempt to acquire the Erie Canal?

Question

1.What was the effect or importance of James Fisk, Daniel Drew, and Jay Gould selling $7,000,000 worth of watered stock to Cornelius Vanderbilt in his attempt to acquire the Erie Canal?

2.What was the effect of William Graham Sumner, a Yale Professor, and Social Darwinist, concludes that "millionaires are a product of natural selection."?

Answer 1

http://en.wikipedia.org/wiki/Erie_War

2. Sumner validated the millionaire's belief that they were superior.