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    You are at:Home » The Ultimate Story of J.P. Morgan, the Man who Financed America

    The Ultimate Story of J.P. Morgan, the Man who Financed America

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    By AM on August 19, 2022 Success Stories

    Learn about J. P. Morgan in this Documentary : How One Man Financed America

    Public Facts about J.P. Morgan

    John Pierpont Morgan Sr. (April 17, 1837 – March 31, 1913) was an American financier and investment 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 the driving force behind the wave of industrial consolidation in the United States spanning the late 19th and early 20th centuries.

    Over the course of his career on Wall Street, J.P. Morgan spearheaded the formation of several prominent multinational corporations including U.S. Steel, International Harvester and General Electric which subsequently fell under his supervision. He and his partners also held controlling interests in numerous other American businesses including Aetna, Western Union, Pullman Car Company and 21 railroads.

    Due to the extent of his dominance over U.S. finance, Morgan exercised enormous influence over the nation’s policies and the market forces underlying its economy. During the Panic of 1907, he organised a coalition of financiers that saved the American monetary system from collapse. As the Progressive Era’s leading financier, J.P. Morgan’s dedication to efficiency and modernisation helped transform the shape of the American economy.Adrian Wooldridge characterised 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 $80 million (equivalent to $2.2 billion in 2021)

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    J.P.Morgan JPMorgan Chase
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    AM
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    AM, The Founder and CEO of RetailMarketingTechnology.com is an Entrepreneur & Business Management Professional with over 20+ Years Experience and Expertise in many industries such as Retail, Brand, Marketing, Technology, Analytics, AI and Data Science. The Industry Experience spans across Retail, FMCG, CPG, Media and Entertainment, Banking and Financial Services, Media & Entertainment, Telecom, Technology, Big Data, AI, E-commerce, Food & Beverages, Hospitality, Travel & Tourism, Education, Outsourcing & Consulting. Currently based in Austria and India

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