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John Pierpont Morgan (April 17, 1837 – March 31, 1913) [1] was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age and Progressive Era.
- J.P. Morgan: Early Years and Family
- J.P. Morgan: Banking Titan
- J.P. Morgan: Congressional Investigation
- J.P. Morgan: Art Collection and Final Years
John Pierpont Morgan was born into a distinguished New England family on April 17, 1837, in Hartford, Connecticut. One of his maternal relatives, James Pierpont (1659-1714), was a founder of Yale University; his paternal grandfather was a founder of the Aetna Insurance Company; and his father, Junius Spencer Morgan (1813-90), ran a successful Hartf...
During the late 19th century, a period when the U.S. railroad industry experienced rapid overexpansion and heated competition (the nation’s first transcontinental rail line was completed in 1869), Morgan was heavily involved in reorganizing and consolidating a number of financially troubled railroads. In the process, he gained control of significan...
During Morgan’s era, the United States had no central bank so he used his influence to help save the nation from disaster during several economic crises. In 1895, Morgan assisted in rescuing America’s gold standard when he headed a banking syndicate that loaned the federal government more than $60 million. In another instance, the financial panic o...
The famous financier died at age 75 on March 31, 1913, in Rome, Italy. On April 14, the day of his funeral, the New York Stock Exchange closed in his honor until noon. He was buried in the Morgan family mausoleum at a Hartford cemetery.
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Apr 3, 2014 · J.P. Morgan became one of the wealthiest and most powerful businessmen in the world through his founding of private banks and industrial consolidation in the late 1800s.
J.P. Morgan, American financier and industrial organizer, one of the world’s foremost financial and capitalist figures during the two pre-World War I decades. He reordered several major railroads and financed consolidations that formed the U.S. Steel, International Harvester, and General Electric corporations.
Apr 23, 2024 · When John Pierpont Morgan arrived on Wall Street, it was a disorganized jumble of competing interests and one of the many financial centers in a country.
Dec 15, 2023 · John Pierpont Morgan, commonly known as J.P. Morgan, was a towering figure in American finance and industry during the late 19th and early 20th centuries. Born into privilege in 1837, he rose to prominence as a financier, banker, and industrialist.
He was a hero to enterprising financiers across the land who dreamed of following his example. That is, of course, unless they were destroyed by his shrewd, fierce tactics. J. Pierpont Morgan was born into great wealth and amassed a great deal more in the banking industry.
