The Merritt brothers, who were Germans, moved to the United States and settled in Misabee. After accidentally discovering that the Miszabee area was rich in iron ore, the brothers used all their savings to buy a large amount of real estate and set up an iron ore company.

Although Rockefeller was well-informed, he was a step late and watched someone else snatch it

"Fatty", I had to wait for the opportunity and find another plan. In 1837, when the economic crisis swept across the United States, the Merritt brothers' company was also in trouble.

While praying, the brothers shared their difficulties with the respected and trusted local Rev. Lloyd.

When Lloyd learned of their situation, he enthusiastically offered to help the Merritt brothers, because he had a wealthy friend whom he could turn to to lend them money.

After a warm introduction by Pastor Lloyd, the Merritt brothers borrowed $420,000 from the rich man at an interest rate lower than that of the bank.

When all the formalities were completed, the brothers thanked the pastor for their kindness, because the 420,000 yuan was a great relief for their company.

But less than half a year later, the pastor Lloyd approached the Merritt brothers and told them in all seriousness that his friend was going to get the loan back immediately.

The brothers had just invested 420,000 yuan in minerals, how could they come up with so much money at once? Helplessly, as defendants, they were forced to go to court.

It turned out that the money they borrowed was a Kaul loan. The so-called Kaul loan means that the lender can claim back the loan at any time, so its interest rate is lower than the general loan interest.

Under U.S. law, the borrower either repays the loan immediately or declares bankruptcy immediately, and there is no third option.

The Merritt brothers had only been in the United States for a short time, did not speak English fluently, and could not scrutinize the words, and they never dreamed that the note that Pastor Lloyd had enticed them to sign was a trap that would kill them.

However, it is too late to regret it. Merritt had no choice but to declare bankruptcy and sell the minerals to Rockefeller for 520,000 yuan.

A few years later, Rockefeller sold the Misabi mine to Morgan for 19.41 million yuan, and Morgan thought it was cheaper.

"Deciphering the Thirty-six Strategies" startled the "snake" out of the hole Rockefeller profited from it is hitting the hand, please wait a moment,

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