Many know the Titanic was "registered" as a British Mail Ship but few know she was actually owned by an American named J.P. Morgan. The Titanic was directly owned and operated by the Oceanic Steam Navigation Company – popularly known as the "White Star" line because of the white star appearing on the company’s house flag. The White Star flag was first flown about 1850 in an attempt to capitalize on the gold rush trade to Australia. The line was eventually purchased by Thomas Ismay who reorganized the company in 1869. By 1902, White Star was no longer an independent company. The line was purchased and became a wholly owned subsidiary of the International Navigation Co (Ltd.) of England, which in turn was owned by the International Mercantile Marine Co. of New Jersey – all under the control of industrial giant J. P. Morgan. At the time of Titanic’s loss, White Star had a fleet of ships operating between the United Kingdom and Australia, New Zealand, Canada, and the United States.

yeah and the ismay family decided that all their ships naces would end with the letters IC and all be made by thier friends Harland & Wolf

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