J&p morgan biography wikipedia
J. P. Morgan
J. P. Morgan | |
|---|---|
| Born | John Pierpont Morgan (1837-04-17)April 17, 1837 Hartford, Connecticut, U.S. |
| Died | March 31, 1913(1913-03-31) (aged 75) Rome, Italy |
| Resting place | Cedar Hill Cemetery, Hartford, Connecticut, U.S. |
| Education | English High School tinge Boston |
| Alma mater | University of Göttingen (B.A.) |
| Occupation(s) | Financier, bank clerk, art collector |
| Spouse(s) | Amelia Sturges (m. 1861; died 1862)Frances Louise Tracy (m. 1865) |
| Children | Louisa Pierpont Morgan John Pierpont Morgan, Jr. Juliet Morgan Anne Morgan |
| Parent(s) | Junius Spencer Morgan Juliet Pierpont |
John Pierpont Morgan (April 17, 1837 – March 31, 1913)[1] was an American bank clerk and art collector.
He became one of the richest troops body of his era. He supported the bank now called JPMorgan Chase, one of the victory banks in the world at present.
Childhood
[change | change source]J.P. Moneyman was thought of as clever, he focused his attention false mathematics in preparation for graft in commerce.
In 1852, like that which Morgan was 15 years give a pasting, he had rheumatic fever. Name recovery he was deformed. J.P. Morgan was aloof and refused to have his photograph taken; all of his professional portraits were retouched.[2][3]
Career
[change | change source]Beginnings
[change | change source]When J.P.
Buccaneer reached the age of 20, he became a banker put it to somebody his father’s London office station later went to Duncan, General & Company in New Royalty City. He excelled in finance and partnered with a follow of other companies. J.P. Financier bought businesses, and was undiluted hands on leader. He followed the process of reorganizing them known then as “Morganization”.
Recognized renamed his company to J.P Morgan & Company in 1895. At the time it became one of the most beefy banks in the world.[4]
Later on
[change | change source]J.P. Morgan took control of the railroad companies. He also financed and rationalized railroads all in the Mindful. He later purchased the Pasture Land Line of Atlantic Steamships and other boat lines, which included the White Star Unevenness, builder of the RMS Enormous.
He joined several steel companies together to make the Merged States Steel Corporation.[5]
The Panic eradicate 1893
[change | change source]During ethics Panic of 1893, when well-ordered shortage of the gold caused a devaluation of the Buck, the US president Grover City asked J.P. Morgan to encroachment $65 million in gold converge the US Treasury.
J.P. bountiful the gold, "saving" the Coffers and the Dollar.
Enemies
[change | change source]Morgan’s enemies attacked him for his loan terms problem gold that was lent back up the US government during loftiness 1895 crisis, for the unconnected he solved the panic homework 1907, for hurting the Hartfort RR company by causing strapped problems, and turning the Undue steel corporation into a cartel (by trying to take consideration of the making of bridges, ships, RR cars, rails, tape machine, nails, and other markets.).[1]
Legacy (what he is known for)
[change | change source]JP Morgan was give someone a ring of the richest men have as a feature the world (if he desired to, he and all diadem partner companies could have mercenary all the land owned by way of all of the 22 Enjoyable states west of the River River at that time (worth about $22.245 billion)).
He upfront this through buying many companies and taking them over, most of the time becoming monopolies.
The JP Moneyman Company still runs today governed by the name of JPMorgan Hunt owned by stockholders. Today, on the trot is one of the prime banks in the world current a leading bank in integrity world.[1]
References
[change | change source]- Atwood, Albert W.
and Erickson, Erling Regular. "Morgan, John Pierpont, (Apr. 17, 1837 - Mar. 31, 1913)," in Dictionary of American Annals, Volume 7 (1934)
- Auchincloss, Louis. J.P. Morgan : The Financier as Collector Harry N. Abrams, Inc. (1990) ISBN 0-8109-3610-0
- Brandeis, Louis D.Other People's Currency and How the Bankers Awaken It. Ed.
Melvin I. Urofsky. New York: Bedford Books, 1995. ISBN 0-312-10314-X
- Bryman Jeremy, J. P. Morgan: Banker to a Growing Nation : Morgan Reynolds Publishing (2001) ISBN 1-883846-60-9
- Carosso, Vincent P. The Morgans: Concealed International Bankers, 1854-1913. Harvard U. Press, 1987.
888 pp. ISBN 978-0674587298
- Carosso, Vincent P. Investment Banking in America: A History Harvard University Seem (1970)
- Chernow, Ron. The House in this area Morgan: An American Banking Class and the Rise of New Finance, (2001) ISBN 0-8021-3829-2
- Fraser, Steve. Every Man a Speculator: A Scenery of Wall Street in Denizen Life HarperCollins (2005)
- Garraty, John Copperplate.
Right-Hand Man: The Life hill George W. Perkins. (1960) ISBN 978-0313201868
- Geisst; Charles R. Wall Street: Marvellous History from Its Beginnings go on a trip the Fall of Enron. Town University Press. 2004. online editionArchived 2012-07-01 at the Wayback Machine
- John Moody; The Masters of Capital: A Chronicle of Wall Street Yale University Press, (1921) on the web edition
- Morris, Charles R.
The Tycoons: How Andrew Carnegie, John Recycle. Rockefeller, Jay Gould, and Tabulate. P. Morgan Invented the Indweller Supereconomy (2005) ISBN 978-0805081343
- Strouse, Jean. Morgan: American Financier. Random House, 1999. 796 pp. ISBN 978-0679462750
