(1821–1905), US financier. He was the founder of Jay Cooke and Company, a leading Philadelphia bank, in 1861; his sale of bonds helped to finance the Civil War, and his financing of western railroads precipitated the Panic of 1873.
Definition of Cooke, Jay in US English:
Cooke, Jay
proper nounko͝ok
(1821–1905), US financier. He was the founder of Jay Cooke and Company, a leading Philadelphia bank, in 1861; his sale of bonds helped to finance the Civil War, and his financing of western railroads precipitated the Panic of 1873.