J. P. Morgan
American financier, banker, and art collector (1837-1913) · United States · Founders · Died at 75
J. P. Morgan is read about 3,571 times a day, in 67 languages.
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Something wrong?He didn't just finance companies - he assembled them. Morgan orchestrated the mergers that built U.S. Steel, General Electric, and International Harvester, then held the reins on 21 railroads and enough of Wall Street that when the banking system nearly collapsed in 1907, he personally organized the rescue.
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J.P. Morgan
"Cragston," John Pierpont Morgan house, Highland Falls, New York. LOC 7221363844
"Cragston," John Pierpont Morgan house, Highland Falls, New York. LOC 7221377242_-_btv1b6924644w.jpg?width=1200)
13-4-13, mausoleum de J. P. Morgan (dans le Cedar Hill Cemetery, à Hartford dans le Connecticut) - btv1b6924644w
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Edward Steichen - Photographic portrait of Pierpont Morgan (1837-1913).jpg?width=1200)
JP Morgan (cropped)_2.png?width=1200)
Albani Antinous. Antinous Hall. Villa Albani (Rome) 2In their own words 3
, I owe the public nothing.
The first thing [in credit] is character … before money or anything else. Money cannot buy it.… A man I do not trust could not get money from me on all the bonds in Christendom.
[Credit] is an evidence of banking, but it is not the money itself. Money is gold, and nothing else.
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John Pierpont Morgan Sr. was born April 17, 1837, into a banking family - his grandfather had co-founded Aetna. By the Gilded Age he ran the firm that would become JPMorgan Chase and made himself the architect of industrial consolidation, stitching together the sprawling corporations that came to define American capitalism at the turn of the twentieth century. His portfolio stretched across Aetna, Western Union, Pullman Car Company, and a rail empire of 21 lines. During the Panic of 1907 he assembled a coalition of financiers to stop the monetary system from buckling. He died in his sleep in Rome on March 31, 1913, at 75, leaving an $80 million fortune and the family business to his son.
Founders from the United States 6
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