John Pierpont (JP) Morgan

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Presentation transcript:

John Pierpont (JP) Morgan

The Family Born April 17, 1837 in Hartford, Connecticut Parents were Juniet Spencer Morgan and Juliet (Pierpont) Morgan Father was involved in George Peabody & Company Parents were middle to upper class

Education Minor education was from an English school in Boston Went to University of Gottingen in Germany

Beginning of a Long Career Got a job for private banking house Duncan Sherman & Company Became agent and attorney for George Peabody and Company After civil war Morgan bought out bankrupt business's and railroads J.P. Morgan made J.P. Morgan & Company in 1895

Big Business Deals J.P. Morgan personally bought 200 million in government bonds Bought steel mills from Andrew Carnegie Formed U.S. steel corporation in 1901 worth about 1.2 billion dollars

Legacy Left Behind Died March 31, 1913 in Rome, Italy Was 76 years old Left 80 million dollars Controlled billions is assets

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