J. P. Morgan
1837 – 1913 American banker, financier, industrialist
The most powerful American banker of the Gilded Age, who reorganised much of US industry.
- Religion
- Protestant (Episcopalian).
- Affiliations
- Founder of J.P. Morgan & Co; organised U.S. Steel, General Electric and International Harvester; twice rescued the US Treasury and financial system.
John Pierpont Morgan dominated American finance, arranging the mergers that created U.S. Steel and General Electric and repeatedly propping up the gold standard and the banking system, including during the Panic of 1907. His power over industry and credit made him a symbol of concentrated financial control.
Connections
- associate of Andrew Carnegie — Bought Carnegie Steel in 1901 to create U.S. Steel.
- family of Junius Spencer Morgan — His father and mentor in banking.
- family of Junius Spencer Morgan — His son, who built J.P. Morgan & Co into a dominant force.
In the timeline
- 1838 J. P. Morgan and Company's origins, 1838 central figure
- 1838 Quigley: J. P. Morgan replaces the Rothschilds (Peabody origin 1838) central figure
- 1895 The House of Morgan towers over American finance mentioned
- 1900 Eastern Establishment dominates both U.S. parties since 1900 mentioned
- 1901 US Steel founded by J. P. Morgan central figure
- 1907 J. P. Morgan and the Panic of 1907 central figure
- 1907 The Panic of 1907 mentioned
- 1919 Norman and Morgan atop the financial world, 1919-1931 mentioned
- 1919 Quigley: Council on Foreign Relations taken over by the Morgan group (1919) mentioned
- 1920 Anarchist bomb outside J. P. Morgan & Co. central figure
- 1921 Quigley: Council on Foreign Relations as a Morgan front mentioned
- 1924 Dawes Plan restructures reparations (1924) mentioned
- 1924 The Dawes Plan and the Young Plan on reparations mentioned
- 1924 The Dawes Plan loans to Germany mentioned
- 1924 J. P. Morgan lends France $100 million central figure
- 1930 Quigley: J. P. Morgan and the 'American Establishment' central figure
- 1932 – 1942 Joseph Grew serves as U.S. ambassador to Japan mentioned
- 1940 J. P. Morgan becomes a public corporation central figure
- 1959 J. P. Morgan and Company disappears into Guaranty Trust central figure