J. P. Morgan, Date of Birth, Place of Birth, Date of Death

    

J. P. Morgan

American financier, banker, philanthropist and art collector

Date of Birth: 17-Apr-1837

Place of Birth: Hartford, Connecticut, United States

Date of Death: 31-Mar-1913

Profession: entrepreneur, banker, financier, art collector

Nationality: United States

Zodiac Sign: Aries


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About J. P. Morgan

  • John Pierpont Morgan Sr.
  • (April 17, 1837 – March 31, 1913) was an American financier and banker who dominated corporate finance on Wall Street throughout the Gilded Age.
  • As the head of the banking firm that ultimately became known as J.P.
  • Morgan and Co., he was a driving force behind the wave of industrial consolidation in the United States spanning the late 19th and early 20th century. Over the course of his career on Wall Street, J.P.
  • Morgan spearheaded the formation of several prominent multinational corporations including U.S.
  • Steel Corporation, International Harvester and General Electric.
  • He and his partners also held controlling interests in numerous other American businesses including AT&T, Western Union and 24 railroads.
  • Due to his financial clout, Morgan came to wield enormous influence over the nation's lawmakers and finances.
  • During the Panic of 1907, he organized a coalition of financiers that saved the American economy from collapse.
  • As the Progressive Era's leading financier, J.P.
  • Morgan's dedication to efficiency and modernization helped transform the shape of the American economy.
  • Adrian Wooldridge characterized Morgan as America's "greatest banker".
  • Morgan died in Rome, Italy, in his sleep in 1913 at the age of 75, leaving his fortune and business to his son, John Pierpont Morgan Jr.
  • Biographer Ron Chernow estimated his fortune at only $118 million (of which approximately $50 million was attributed to his vast art collection), a net worth which allegedly prompted John D.
  • Rockefeller to say: "and to think, he wasn't even a rich man."

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