J p morgan

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.

Financier J.P. Morgan believed in the consolidation of industries to lessen competition and enhance stability. He did this for railroads, shipping, utilities, and most famously, the steel industry. In 1907 he stopped a financial panic in the banking system by injecting his own money, and coordinating the actions of the important banks, similar to the role of the Federal Reserve. JC

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Financier, Businessman. He was a United States business tycoon of the late 19th Century and the early 20th Century who became one of the richest men in the world. He was born into a dynasty of banking and the business world. After graduating from a Boston high school in 1854, he studied at the L'Institut Sillig in...

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John Pierpont Morgan began his career as an accountant working for several NYC banking firms until he became a partner in Drexel, Morgan & Co which was reorganized as J.P. Morgan & Co. Described as a coldly rational man, Morgan began reorganizing railroads. In 1896, Morgan embarked on consolidations in the electric, steel & agricultural equipment manufacturing industries. By the early 1900s, Morgan was the main force behind the Trusts, controlling virtually all the basic American…

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