John Pierpont Morgan J.P. Morgan was born
17 Apr 1837
John Pierpont (JP) Morgan was born on April 17, 1837 in Hartford, Connecticut to parents
Junius Spencer Morgan and Juliet Pierpont Morgan.
Morgan was born into a life of luxury, his banker father built JM Beebe, Morgan and Co., the largest dry goods exporter in Boston. JP Morgan's entered the banking world
1 Aug 1857
In 1857, after going to college in Europe, JP Morgan returned to the US and he got a job working for the private banking house Duncan, Sherman and Company. George Peabody & Company
1 Jan 1860
In 1860 he was appointed as the American agent and attorney for George Peabody &
Company in which his father was a partner. Morgan's 1st marriage
1 Jan 1861
In 1861, he married Amelia Sturges, a.k.a. Mimi. She was said to be JP Morgan's only true love, but she died shortly into the married from tuberculosis. Morgan's 2nd marriage Frances Louisa Tracy
31 May 1865
Morgan married Frances Louisa Tracy, known as Fanny on May 31, 1865. They had four children Drexel, Morgan and Co.
14 Nov 1871
Morgan’s real breakthrough as an unstoppable financial force came in 1871, when he struck a deal with Anthony Drexel to open Drexel, Morgan and Co. Within the year, the firm had moved to 23 Wall Street, which they had purchased for $1 million, making it the most expensive piece of real estate in the world at that time Morgan helped refinance the Civil War debt
1 Jan 1873
1873, two years after the opening of Drexel, Morgan, he underwrote federal bonds worth
$1400 million to help refinance the Civil War debt
Morgan helped fund the Military.
1 Jan 1877
When Congress adjourned without having adopted a budget to pay for the army, Morgan provided the War Department with $550,000 per month, which was to be disbursed throughout twelve centers around the nation, adding up to a total of about $2.5 million contributed to the army payroll. Electricity