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What does daniel drew mean?
- Daniel Drew
- Daniel Drew was an American financier. Drew is popularly credited with introducing what would be called "watered stock" to the New York financial district, to describe company shares that were issued by false means such as counterfeit certificates or shares issued that were not authorized, resulting in a dilution of ownership. The term supposedly came from his time in the cattle business, when he would have his cattle drink water before selling them, to increase their weight temporarily. The tactic was used in the Erie War of the 1860s, where he blocked arch rival Cornelius Vanderbilt from getting ownership of the Erie Railroad.
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