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His son, J. P. Morgan Jr., took over the business at his father's death, but he was never as influential. The 1933 Glass–Steagall Act forced the dissolution of the House of Morgan into three entities: J.P. Morgan & Co., which later became Morgan Guaranty Trust; Morgan Stanley, an investment house formed by his grandson Henry Sturgis Morgan
John Pierpont Morgan Jr, nicknamed Jack, was born on September 7, 1867, in Irvington, New York, to J. P. Morgan and Frances Louisa Tracy. He graduated from St. Paul's School, and later in 1886 from Harvard College, where he was a member of the Delphic Club, formerly known as the Delta Phi.
After Morgan's death in 1913, Greene continued in her role working for his son and daughter-in-law, J. P. Morgan Jr. and Jane Norton Grew Morgan. [ 6 ] [ 20 ] Morgan left her fifty thousand dollars in his will, enough capital for her to live on comfortably, though she continued to supplement her inheritance with the $10,000-a-year salary that ...
Junius Spencer Morgan I (April 14, 1813 – April 8, 1890) was an American banker and financier, as well as the father of John Pierpont "J.P." Morgan and patriarch to the Morgan banking house. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner.
JPMorgan Chase has refused to pay out an estimated $331-a-month pension to the widow of one of the bank’s former longtime employees — with the excuse that he failed to fill out the necessary ...
However, J.P. Morgan had very little incentive to lie about its trading problems, once it knew the full extent of their causes. If that is the case, the Senate report does not break any new ground ...
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The Morgan family is an American family and banking dynasty, which became prominent in the U.S. and throughout the world in the late 19th century and early 20th century.. Members of the family amassed an immense fortune over the generations, primarily through the work of Junius Spencer (J.S.) Morgan (1813–1890) and John Pierpont (J. P.) Morgan Sr. (1837–19