Quigley: J. P. Morgan replaces the Rothschilds (Peabody origin 1838)
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- Tragedy and Hope pp. 281-283 · open book
In this system the Rothschilds had been preeminent during much of the nineteenth century, but, at the end of that century, they were being replaced by J. P. Morgan whose central office was in New York, although it was always operated as if it were in London (where it had, indeed, originated as George Peabody and Company in 1838).
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