Most Successful Man in America The most successful man in america has done so much for our country. He has affected the world in many ways people don’t know about. This man has a big impact in the banking world, it is J. P. Morgan. His companies are still around today, just over 100 years later. His business had preceded his death. That’s very successful also it is still booming today. J. P. Morgan was so successful he eventually started buying out other successful business men. He bought out the one and only Andrew Carnegie’s steel company. This is what put him on top of other business men in the U.S. J. P. Morgan, otherwise known as John Pierpont Morgan, was born in 1837 on April 17. John was born in Connecticut ,but more specifically in Hartford. Unlike the other men who “built” America, John was born into a pretty famous family already. One of his relatives was the founder of Yale University, James Pierpont. His father ran a dry-goods company in Hartford, it was pretty successful. This took place before he had become a part of the banking industry. John Morgan started his finance career when he was just 20 years old. He left Europe to start his life in New York. At first, he worked for his father at J. S. Morgan & Company. The first company he owned, Drexel, Morgan & Company. He partnered with Anthony Drexel, a banker from Philadelphia. Most people don’t know of this company and that’s because it wasn’t always called Drexel, Morgan & Company. Drexel passed away
Related Documents: Essay on Robber Barons and J. P. Morgan
House of Morgan The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance is a non-fiction book by Ron Chernow, published in 1990. is the most ambitious history ever written about American finance. It is a rich, panoramic story of four generations of Morgans and the powerful, secretive firms they spawned, ones that would transform the modern financial world. Tracing the trajectory of J. P. Morgan’s empire from its obscure beginnings in Victorian London to the financial crisis…
Correct Answer(s): C 4. The Pennsylvania oil rush: A) illustrated to many Americans that a dependence on oil might prove problematic in the future B) outweighed, in economic importance, the California gold rush of a decade before C) gave J. Pierpont Morgan his start in business Points Earned: 1.0/1.0 Correct Answer(s): B 5. What industry was “the first big business, the first magnet for the great financial markets, and the first industry to develop a large-scale management bureaucracy”? A) telephone…
The Gilded Age will be remembered for the accomplishments of thousands of American thinkers, inventors, entrepreneurs, writers, and promoters of social justice. The Gilded Age and the first years of the twentieth century were a time of great social change and economic growth in the United States. Roughly spanning the years between Reconstruction and the dawn of the new century, the Gilded Age saw rapid industrialization, urbanization, the construction of great transcontinental railroads, innovations…
operated with a free hand. A contradiction developed, however, as competing businesses began to merge, resulting in shrinkage of competition. Clearly the dominant figures of postwar American capitalism were John D. Rockefeller, Andrew Carnegie and J. Pierpont Morgan. A second tier of wealthy and unscrupulous businessmen were well-known in their day, but are less so today. These include Daniel Drew, James Fisk and Jay Gould. With notable exceptions such as Carnegie, the wealthy elite cared little for the…
Honors US History I Proclamation 1763 ● Americans must stay on the East side of the Appalachian Mountains. ● Imposed by British Olive Branch Petition ● Last petition to British to leave the U.S. alone Stamp Act ● All federal documents must be approved and stamped with British Stamp Saratoga ● U.S. (Gates) defeated British at Saratoga, NY ● French arrive and help Treaty of Paris 1763 ● borders are: Canada (North) to FL(South)…