https://padlet.com/gmorgan6062/2d70kdm7bkym Made with ♥ en-us 2018-01-03 13:38:21 UTC 2018-01-03 15:40:54 UTC hello@padlet.com gmorgan6062 https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218483635 J.P. Morgan]]> 2018-01-03 13:46:54 UTC https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218483635 gmorgan6062 https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218483687 Born into a prominent New England family in 1837, John Pierpont Morgan began his career in the New York financial industry in the late 1850's. He co-founded the banking firm that became J.P. Morgan & Co. in 1871, and in the 1880's he established himself as a power player in the country's railroad industry. Along with amassing immense wealth through the creation of such corporations as U.S. Steel, Morgan led efforts to bail out the U.S. Treasury in 1895 and 1907. He died in Rome in 1913, leaving behind a world-renowned art collection and a business that remained a financial powerhouse into the 21st century.]]> 2018-01-03 13:47:09 UTC https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218483687 gmorgan6062 https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218490388  He began his career in 1857 as an accountant with the New York banking firm of Duncan, Sherman and Company, which was the American representative of the London firm George Peabody and Company. In 1861 Morgan became the agent for his father’s banking company in New York City. During 1864–71 he was a member of the firm of Dabney, Morgan and Company, and in 1871 he became a partner in the New York City firm of Drexel, Morgan and Company, which soon became the predominant source of U.S. government financing. This firm was reorganized as J.P. Morgan and Company in 1895, and, largely through Morgan’s ability, it became one of the most powerful banking houses in the world. Morgan was also heavily involved in reorganizing and consolidating a number of financially troubled railroads. In the process, he gained control of significant portions of these railroads’ stock and eventually controlled an estimated one-sixth of America’s rail lines]]> 2018-01-03 14:07:44 UTC https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218490388 gmorgan6062 https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218491621 His father was a very successful businessman who owned a banking firm. In 1871, Morgan became a partner in a New York City firm. By 1895, the firm took his name. J.P. Morgan and Company soon grew to be one of the most powerful banking houses in the country. Morgan was a central figure in many of the most important transactions of the Industrial Revolution. He was an active investor in railroads, reorganizing the Albany & Susquehanna (1869), the New York Central (1885), the Philadelphia & Reading (1886), and the Chesapeake & Ohio (1888). In 1892, Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric, leading to the creation of General Electric. In 1901, he led the consolidation of Carnegie Steel Company with several other similar concerns, creating history’s first billion-dollar corporation in U.S. Steel. When a financial panic gripped Wall Street in October 1907, Morgan took charge, convincing New York bankers and businessmen to pledge their own assets to provide liquidity to the faltering financial system. Thanks to his intervention, the crisis was averted.]]> 2018-01-03 14:11:00 UTC https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218491621 gmorgan6062 https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218495683 Morgan was one of the greatest art and book collectors of his day, and he donated many works of art to the Metropolitan Museum of Art in New York City. He helped make it the best art museum in America and one of the top art collections in the world. His book collection and the building that housed them in New York City became a public reference library in 1924.]]> 2018-01-03 14:21:51 UTC https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218495683 gmorgan6062 https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218497033 https://www.britannica.com/biography/J-P-Morgan
http://www.history.com/topics/john-pierpont-morgan
https://www.thirteen.org/wnet/historyofus/web10/features/bio/B14.html]]> 2018-01-03 14:24:54 UTC https://padlet.com/gmorgan6062/2d70kdm7bkym/wish/218497033