J.P. Morgan

Untitled Slide

Background

• born 1873 in Hartford Connecticut
• father was also a banker
• first job- accountant at Sherman and Company
• hired someone to serve his commission in civil war

History of business

• J.P. Morgan and Co founded 1895
• profited from railroad mergers
• loaned US government $62 million in gold
• consolidated industries
• merged with Chase Manhattan 2000

Untitled Slide

History cont.

• currently worth $2.515 trillion
• has one of the largest art collections
• also owned companies like General electric 

General Electric logo

Traits

• resourceful (used his connections in Europe)
• shrewd businessman (bought out competition)
• physically intimidating (large man)
• intellegent

Challenges

• criticized as a tycoon
• White Star shipping (titanic)
• referred to as Robber Baron
• investigated by Pujo Commitee
• forced to split some of his trusts

Untitled Slide

facts

• $500 million foreign loan
• owned first billion dollar industry
• Privately owned until 1940
• Morganite is named after him
• the company owns pistols from Hamilton's duel

URLs

• https://www.jpmorgan.com/pages/jpmorgan/about
• http://www.biography.com/people/jp-morgan-9414735#synopsis
• http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history.htm
• http://www.britannica.com/EBchecked/topic/392225/John-Pierpont-Morgan
• http://www.businessinsurance.org/robber-barons-or-pioneers-american-busines...