How To Write A Jp Morgan Essay
Austin Holley
Mr. Dilley
9/16/15
J.P. Morgan
If I asked the class who J.P. Morgan was, the room would go silent? However, if I were to ask them if they knew what the company Chase or Chase Bank did, they would be able to tell me and say they’ve heard of it. J.P. Morgan Chase is the parent company of Chase Bank. J.P. Morgan inspired one of the biggest banks and created one of the largest insurance holding firms in the country and it has been that way for about 120 years.
John Pierpont Morgan was born on April 17, 1837, in Hartford, Connecticut. He was a financier, art collector and philanthropist but easily most famous for being a financier. He began his career out of college in 1857 as an accountant with the New York banking firm of Duncan, Sherman and Company, the American representative of the London firm George Peabody and Company. He financed railroads and helped organize U.S. Steel, General Electric and other massive corporations. He joined the family business of banking in the 1850s to follow in his wealthy father’s footsteps. Later in 1871 he joined with a Philadelphia banker named Anthony Drexel. Not too long after its conception, their company became one of the leading financial firms in the country. It was later reorganized in 1895 as J.P. Morgan and Company. Even our government looked to J.P. Morgan to …show more content…
Morgan remained the dominant figure in American capitalism. He accumulated so much money in his way to one of the top entrepreneurs in American History that he didn’t know what to do with, so he invested in art and books. He absolutely loved all forms of art and literature that by the time he died, he had one of the best collections in the world during his era. He donated many of the books to help create a public reference library, which was made in New York City in 1924. And for his art collection, many of what he had can still be seen at the Metropolitan Museum of Art in New York
Mr. Dilley
9/16/15
J.P. Morgan
If I asked the class who J.P. Morgan was, the room would go silent? However, if I were to ask them if they knew what the company Chase or Chase Bank did, they would be able to tell me and say they’ve heard of it. J.P. Morgan Chase is the parent company of Chase Bank. J.P. Morgan inspired one of the biggest banks and created one of the largest insurance holding firms in the country and it has been that way for about 120 years.
John Pierpont Morgan was born on April 17, 1837, in Hartford, Connecticut. He was a financier, art collector and philanthropist but easily most famous for being a financier. He began his career out of college in 1857 as an accountant with the New York banking firm of Duncan, Sherman and Company, the American representative of the London firm George Peabody and Company. He financed railroads and helped organize U.S. Steel, General Electric and other massive corporations. He joined the family business of banking in the 1850s to follow in his wealthy father’s footsteps. Later in 1871 he joined with a Philadelphia banker named Anthony Drexel. Not too long after its conception, their company became one of the leading financial firms in the country. It was later reorganized in 1895 as J.P. Morgan and Company. Even our government looked to J.P. Morgan to …show more content…
Morgan remained the dominant figure in American capitalism. He accumulated so much money in his way to one of the top entrepreneurs in American History that he didn’t know what to do with, so he invested in art and books. He absolutely loved all forms of art and literature that by the time he died, he had one of the best collections in the world during his era. He donated many of the books to help create a public reference library, which was made in New York City in 1924. And for his art collection, many of what he had can still be seen at the Metropolitan Museum of Art in New York