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Morgan did have a hand in the creation of the Federal Reserve, and owned the International Mercantile Marine, which owned the White Star Line, and thus the Titanic. [13] Morgan, who had attended the Titanic 's launching in 1911, had booked a personal suite aboard the ship with his own private promenade deck and a bath equipped with specially ...
The series follows the lives of the people who made the Titanic, from the workers who built it to its rich financiers.Dr. Mark Muir, an engineer and metallurgist, convinces American tycoon J. P. Morgan to hire him for the biggest shipping project in the world, the construction of the RMS Titanic at Belfast's Harland and Wolff shipyard.
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John Pierpoint Morgan—more commonly known as "J.P. Morgan" and namesake and founder of J.P. Morgan Private Bank—was present at the Titanic launch party in 1911 because he also founded the ...
In 1902, Ismay oversaw the sale of the White Star Line to J.P. Morgan & Co., which was organising the formation of International Mercantile Marine Company, an Atlantic shipping trust which absorbed several major American and British shipping lines. IMM was a holding company that controlled subsidiary operating corporations.
The public's fascination with the Titanic spans generations — and there's no question as to why. The $7.5 million (over $200 million today) luxury ocean liner was a representation of grandeur ...
Through the American commission of inquiry devoted to the sinking, Senator William Alden Smith openly attacked the very principle of the company and Morgan. [23] As had been arranged before Titanic sank, J. Bruce Ismay retired as president of IMM in 1913 and was succeeded by Harold Sanderson [24] Morgan died on 31 March 1913. [25]