https://padlet.com/danamaloy1/g6c8tx6yh5u2 Robber Barron or Just Plain Tycoon? en-us 2017-12-16 16:33:06 UTC 2017-12-20 14:58:30 UTC hello@padlet.com danamaloy1 https://padlet.com/danamaloy1/g6c8tx6yh5u2/wish/216694314 John Pierpont (JP) Morgan was born in Hartford, Connecticut, to a well known family--of his relatives included the founder of Yale University , James Pierpont. JP attended and graduated high school in Boston and subsequently went to England to study; he came back to New York in 1857 to start a career in finance.]]> 2017-12-16 16:37:02 UTC https://padlet.com/danamaloy1/g6c8tx6yh5u2/wish/216694314 danamaloy1 https://padlet.com/danamaloy1/g6c8tx6yh5u2/wish/216694882 At the time of JP Morgan's success, there was no national bank, allowing Morgan and other banking tycoons the opportunity hold a lot of power. Morgan specifically held a lot of power in the railroad business-- he came to own and control an estimated one sixth of the railroad industry in the US. ]]> 2017-12-16 16:44:09 UTC https://padlet.com/danamaloy1/g6c8tx6yh5u2/wish/216694882 danamaloy1 https://padlet.com/danamaloy1/g6c8tx6yh5u2/wish/217498251 I do not think that he was. Although he was quite the tycoon and he controlled a lot of the railroad company- he bailed America as a whole out. Because there was no national bank, America had no central way of helping itself. Morgan loaned the federal government over $60 million dollars at one point, and another time he connived several other influential people to help stabilize the markets. Additionally, Morgan used his money to buy art.]]> 2017-12-20 14:36:44 UTC https://padlet.com/danamaloy1/g6c8tx6yh5u2/wish/217498251 danamaloy1 https://padlet.com/danamaloy1/g6c8tx6yh5u2/wish/217500184 http://www.history.com/topics/john-pierpont-morgan]]> 2017-12-20 14:42:32 UTC https://padlet.com/danamaloy1/g6c8tx6yh5u2/wish/217500184