J.P. Morgan: History, Achievements and Facts
With holdings in many industries, ranging from railroads, steel, and iron, J.P. Morgan was an extremely influential New York-based financier. Morgan and his associates on a couple of occasions single-handedly steered the United States from economic crisis, including the Panic of 1907. It is for this and many other reasons why J.P. Morgan is considered one of the most influential bankers and financiers of the 19th century and early 20th century.
The article below takes an in-depth look into the life, family history and major accomplishments of J.P. Morgan.
Born: John Pierpont Morgan
Birthday: April 17, 1837
Place of birth: Hartford, Connecticut, United States
Died: March 31, 1913
Place of death: Rome, Italy
Buried: Cedar Hill Cemetery, Hartford, Connecticut, United States
Education: The English High School of Boston, Bellerive School in La Tour-de-Peilz in Switzerland, University of Göttingen
Net worth of his estate: $68 million (about $1.4 billion in today’s dollars)
Parents: Juliet Pierpont and Junius Spencer Morgan
Spouses: Amelia Sturges (married in 1861; died in 1862); Frances Louise Tracy (married in 1865)
Children: 5 children – J.P. Morgan Jr., Anne Morgan
J.P. Morgan Business
Organizations established: J.P. Morgan & Company,
Businesses and corporations: U.S. Steel Corporation, General Electric, Western Union, Aetna, Pullman Palace Car company, International Harvester, etc.
Member of the boards of: Aetna, General Electric, U.S. Steel, Western Union, New York Central Railroad, Northern Pacific Railroad, New Haven Railroad, etc.