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Birth Date
Born as John Pierpoint Morgan in Hartford, Connecticut. -
Moved to London
Junius Morgan, J.P.'s father, moved his family to London to become a partner in the George Peabody & Co. banking firm. At his school in London, J.P. showed a love of math. -
Started working at Peabody, Morgan, & Co.
London Branch of a merchant banking firm -
Moved to New York
Worked as an accountant for Duncan, Sherman, & Co. Left at the beginning of the Civil War he worked at his father's branch of J. Perpont Morgan & Company -
Married Amelia Sturges
She died within the first year of their marriage. -
Married Frances Tracy
They had 4 children together throughout their marriage: Louisa, John Pierpont Jr., Juliet and Anne. -
Started his own Company
Morgan founded J.P. Morgan & Co, which became one of the most powerful banking companies in the world. -
Father Died
When J.P.'s father died, it nearly immediately quadrupled Morgan's initial wealth. -
Formed General Electric
Morgan helped to combine Edison General Electric and Thomson-Houston Company to maximize their profits as "General Electric." -
Assisted the National Economy
J.P. Morgan & Co. helped the U.S. economy recover after the economic panic of 1893. -
Owns and Operates U.S. Railroads
By now, Morgan owns and controls 100,000 miles worth of railroads in the U.S. That amounts to half of the country's total milage. -
Created the U.S. Steel Corporation
Arranged the merge of multiple steel and iron companies to form the United States Steel Corporation. It eventually became the world's largest steel corporation. It was the first ever billion dollar company, and dominated the industry for over 100 years. -
Opened Morgan Library and Museum
Morgan was an avid art collector, and left his collection to the museum when he passed. -
Helped Varying Economic Aspects
During the stock market crash of 1907, he gave financial aid to coal mines, insurance, and some businesses in the communications industry. -
Death Date
He peacefully died in his sleep while at a hotel in Rome, Italy. The New York Stock Exchange shut down for 2 hours, which is an honor usually reserved for presidents.
