11 May 2009

A New Line

On this day in 1934, Cunard and White Star merged to form the Cunard White Star Line. Due to difficult economic times brought on by the Great Depression, building had stopped on Cunard's Queen Mary, and White Star was failing. To remedy the situation,the British government offered a loan to complete work on the Mary if the two companies merged. Both agreed, and a new company was formed in which Cunard owned about two-thirds of the capital. 








Source:
Britannica Online

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