Katana VentraIP

J. P. Morgan

John Pierpont Morgan (April 17, 1837 – March 31, 1913)[1] was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age and Progressive Era. As the head of the banking firm that ultimately became known as J.P. Morgan and Co., he was a driving personal force behind the wave of industrial consolidations in the United States at the turn of the twentieth century.

This article is about the American financier. For other uses, see J. P. Morgan (disambiguation) and John Morgan (disambiguation).

J. P. Morgan

John Pierpont Morgan

(1837-04-17)April 17, 1837
Hartford, Connecticut, U.S.

March 31, 1913(1913-03-31) (aged 75)

Rome, Lazio, Italy

Cedar Hill Cemetery
Hartford, Connecticut, U.S.

University of Göttingen

  • Financier
  • Investment banker
  • Accountant
  • Art collector

Founding and leading J.P. Morgan & Co., Morgan, Grenfell & Co. and Morgan, Harjes & Co.

Financing the creation of American Bridge, General Electric; International Harvester; International Mercantile Marine; Southern Railway and U.S. Steel
Organizing the Morgan "money trust" which owned Aetna, General Electric, International Mercantile Marine Company, Pullman Palace Car Company, U.S. Steel, Western Union, and 21 railroads

Northern Pacific Railway, New Haven Railroad, Pennsylvania Railroad, Pullman Palace Car Company, Western Union, New York Central Railroad, Albany & Susquehanna Railroad, Aetna, General Electric and U.S. Steel

Amelia Sturges
​
​
(m. 1861; died 1862)​
Frances Louise Tracy
​
​
(m. 1865)​

4; including Jack and Anne

Morgan

Over the course of his career on Wall Street, Morgan spearheaded the formation of several prominent multinational corporations including U.S. Steel, International Harvester, and General Electric. He and his partners also held controlling interests in numerous other American businesses including Aetna, Western Union, the Pullman Car Company, and 21 railroads.[2] Through his holdings, Morgan exercised enormous influence over capital markets in the United States. During the Panic of 1907, he organized a coalition of financiers that saved the American monetary system from collapse.


As the Progressive Era's leading financier, Morgan's dedication to efficiency and modernization helped transform the shape of the American economy.[1] Adrian Wooldridge characterized Morgan as America's "greatest banker".[3] Morgan died in Rome, Italy, in his sleep in 1913 at the age of 75, leaving his fortune and business to his son, John Pierpont Morgan Jr. Biographer Ron Chernow estimated his fortune at $80 million (equivalent to $2.5 billion in 2023).[4]

Louisa Pierpont Morgan (1866–1946), who married (1863–1947)[66]

Herbert L. Satterlee

(1867–1943), who succeeded his father and married Jane Norton Grew

J. P. Morgan Jr.

Juliet Pierpont Morgan (1870–1952), who married William Pierson Hamilton (1869–1950)

(1873–1952), philanthropist

Anne Tracy Morgan

which later became Morgan Guaranty Trust

J.P. Morgan & Co.

an investment house formed by his grandson Henry Sturgis Morgan

Morgan Stanley

in London, an overseas securities house

Morgan Grenfell

A contemporary literary biography of Morgan is used as an allegory for the financial environment in America after World War I in the second volume, Nineteen Nineteen, of ' U.S.A. trilogy.

John Dos Passos

Morgan appears as a character in Caleb Carr's novel ,[103] in E. L. Doctorow's novel Ragtime,[104] in Steven S. Drachman's novel The Ghosts of Watt O'Hugh,[105] in Graham Moore's novel The Last Days of Night,[106] and in Marie Benedict and Victoria Christopher Murray's novel The Personal Librarian.[107]

The Alienist

Morgan is believed to have been the model for Walter Parks Thatcher (played by ), guardian of the young Citizen Kane (film directed by Orson Welles) with whom he has a tense relationship—Kane blaming Thatcher for destroying his childhood.[108]

George Coulouris

According to Phil Orbanes, former vice president of Parker Brothers, the of the American version of the board game Monopoly is modeled after J. P. Morgan.[109] The family of the illustrator Daniel Fox, who in 1936 created the mascot for the game, have credited J. P. Morgan as being the inspiration for the character.[110]

Rich Uncle Pennybags

Morgan's career is highlighted in episodes three and four of the History Channel's .[111]

The Men Who Built America

"My Name Is Morgan (But It Ain't J.P.)" – 1906 popular song released as an recording, with words by Will A. Mahoney, music by Halsey K. Mohr, and sung by Bob Roberts. Originally released as a "coon song" but revised over the years, a poor man named Morgan tells his girlfriend not to mistake him for a rich man.[112][113]

Edison cylinder

1950's popular singer, later game show panelist , born Mary Margaret Morgan, acquired the nickname reflecting J.P. Morgan while serving as her high school class treasurer.

Jaye P. Morgan

The villain of is an elderly upper-class banker that uses a variety of aliases, all of which have the initials "JP." He claims to have lived for over one hundred years, empowered by his business association with M. Bison

Street Fighter 6

Ventfort Hall Mansion and Gilded Age Museum

a lake freighter named after Morgan

SS J. Pierpont Morgan

(1990). J.P. Morgan: The Financier as Collector. Harry N. Abrams, Inc. ISBN 0-8109-3610-0.

Auchincloss, Louis

Bruner, Robert F.; Carr, Sean D. (2007). The Panic of 1907: Lessons Learned from the Market's Perfect Storm.

(1914). Other People's Money and How the Bankers Use It. New York: Frederic A. Stokes Company.

Brandeis, Louis

Brands, H.W. (2010). . New York: Doubleday.

American Colossus: The Triumph of Capitalism, 1865–1900

Burgan, Michael (2007). . Capstone.

J. Pierpont Morgan: Industrialist and Financier

Carosso, Vincent P. (1987). The Morgans: Private International Bankers, 1854–1913. Harvard Univ. Press. p. 888.  978-0-674-58729-8.

ISBN

(2001). The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance. Springer. ISBN 0-8021-3829-2.

Chernow, Ron

Clark, John J.; Clark, Margaret T. (1997). "The International Mercantile Marine Company: A Financial Analysis". American Neptune. 57 (2): 137–154.

Garraty, John A. (1960). "The United States Steel Corporation Versus Labor: the Early Years". Labor History. 1 (1): 3–38. :10.1080/00236566008583839.

doi

Gross, Michael (2009). Rogues' Gallery: The Secret History of the Moguls and the Money That Made the Metropolitan Museum. New York: Broadway Books. p. 69.  978-0-7679-2488-7. OCLC 244417339.

ISBN

Hein, David; Shattuck, Gardiner H. Jr. (2005). The Episcopalians. Westport: .

Praeger

Morris, Charles (2006). The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy. New York: Holt Paperbacks.  978-0-8050-8134-3.

ISBN

Rottenberg, Dan (2006). . University of Pennsylvania Press. p. 98. ISBN 9780812219661. Retrieved September 21, 2015.

The Man Who Made Wall Street: Anthony J. Drexel and the Rise of Modern Finance

(1939). J. Pierpont Morgan. New York: The Macmillan Company., written by Morgan's son-in-law

Satterlee, Herbert L.

Strouse, Jean (1999). . Perennial. ISBN 978-0-06-095589-2.

Morgan, American Financier

Bryman, Jeremy. J. P. Morgan: Banker to a Growing Nation. Morgan Reynolds Publishing (2001)  1-883846-60-9, for middle schools

ISBN

Wheeler, George, Pierpont Morgan and Friends: the Anatomy of a Myth, Englewood Cliffs, N.J., Prentice-Hall, 1973.  0136761488

ISBN

225 Madison Ave, New York, NY 10016

The Morgan Library and Museum

The American Experience—J.P. Morgan