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John Pierpont Morgan Biography

This Biography consists of approximately 3 pages of information about the life of John Pierpont Morgan.
This section contains 749 words
(approx. 3 pages at 300 words per page)
Purchase our John Pierpont Morgan Biography

Encyclopedia of World Biography on John Pierpont Morgan

John Pierpont Morgan (1837-1913), the most powerful American banker of his time, helped build a credit bridge between Europe and America and financially rescued the United States government twice.

On April 17, 1837, J. P. Morgan was born in Harford, Conn. After 2 years at the University of Göttingen in Germany, he entered the world of banking and commerce in 1857. In 1895 his firm, a private bank engaging in commercial as well as investment banking, adopted its final name of J. P. Morgan & Company.

Early in the Civil War, Morgan lent money to a man who bought rifles from the Federal government and resold them to it; this is the notorious Hall carbine affair, but there is no evidence that Morgan was other than a creditor. Less than 2 decades later Morgan became instrumental in the periodic reorganization of American railroads, emerging as a decisive factor in railroading. He...

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This section contains 749 words
(approx. 3 pages at 300 words per page)
Purchase our John Pierpont Morgan Biography
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