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Title: J.P. Morgan

Essay Details

Subject: History
Author: Gil D
Date: January 27, 2016
Grade: A
Length: 2 / 599
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Morgan became the partner of George Peabody and eventually took over the firm in 1864, renaming it J.S. Morgan & Co. At the age of twenty four, J. Pierpont Morgan inherited his father's business, renamed the business to J.P. Morgan & Co., and made a point to consolidate the firm's American and European interests...

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Under Pierpont's authority, J.P. Morgan & Co. had a great impact on enterprises such as railroads, steel, mining, and other utilities that helped establish the United States as an industrial power. The personality of J. Peirpont Morgan is best described in a statement he made to the U.S. Congressional banking committee in 1912...

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