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Birth
John Pierpont Morgan is born -
Inherits Father's Banking Firm
In 1857 Morgan inherited his father's old banking firm -
Acted as agent to his father's New York firm
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Morgan marries
In 1861 Morgan married Amelia "Mimi" Sturges, who died in 1862 -
Hall Carbine Affair
In the early days of the American Civil War Morgan financed a scheme, known as the "Hall Carbine Affair", that purchased 5,000 dangerously defective Hall's Carbines being liquidated by the U.S. Government at a cost of $3.50 each. The rifles were later resold to the government as new carbines lacking the safety flaw at a cost of $22. -
Morgan marries again
On May 31, 1865 morgan was married to Frances "Fanny" Louisa-Tray and had 4 children with her -
Gets Control of Albany and Susquehana Railroad Compant
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Takes Over J.S. Morgan and Co.
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J.P. Morgan Teams up with Rothschilds to Supply Treasury with Gold
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J.P. Morgan Defeated in the race for the London Underground
J.P. Morgan failed to obtain a Parlamentary licence to build an underground railroad to compete with the subway system owned by transit magnate Charles Tyson Yates. -
U.S. Steel bails out Tennessee Coal and Iron
In the panic of 1907, a recession caused by a 50% drop in stock prices. JP Morgan decided to use $30 million to help keep the Tennessee Coal and Iron Company afloat in order to keep things from getting worse. -
Combines with Charles Schwab and Andrew Carnegie
In 1910 J.P. Morgan combined with Charles Schwab and Andrew Carnegie to create the United States Steel Company as a monopoly. -
Death
While traveling, Morgan died in his sleep in the Grand Hotel in Rome. On Wall Street, flags flew at half mast.
