About: Hall Carbine Affair

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During the American Civil War, John Pierpont Morgan financed the purchase of 5,000 surplus rifles at $3.50 each, which were then sold back to the government for $22 each. The incident became renowned as a scandalous example of wartime profiteering. Interest in the incident was revived in 1910 as an indictment of Morgan.[2]

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  • During the American Civil War, John Pierpont Morgan financed the purchase of 5,000 surplus rifles at $3.50 each, which were then sold back to the government for $22 each. The incident became renowned as a scandalous example of wartime profiteering. Interest in the incident was revived in 1910 as an indictment of Morgan.[2] (en)
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  • During the American Civil War, John Pierpont Morgan financed the purchase of 5,000 surplus rifles at $3.50 each, which were then sold back to the government for $22 each. The incident became renowned as a scandalous example of wartime profiteering. Interest in the incident was revived in 1910 as an indictment of Morgan.[2] (en)
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  • Hall Carbine Affair (en)
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