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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 Harvard chapter of the Delta Phi.
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. (1837–1913). Morgan members dominated the banking industry during their time. J. P. Morgan was the de facto leader of this dynasty, having been the most prominent ...
Morgan's son J. P. Morgan Jr. carried on with the House of Morgan, including his father's goal of a national electric monopoly but was up against the reformist progressive era. By 1925, General Electric's Electric Bond & Share Group was the largest owner of U.S. and foreign electric companies holding over 10% of the country's companies as ...
Like many aspiring bankers of the mid-19th century, young John Pierpont Morgan got into the business of finance with the help of some old-fashioned family connections. From 1857 through 1871,
J. P. Morgan Jr. 1867–1943 (1981). 262 pp. biography of his son; Fraser, Steve. Every Man a Speculator: A History of Wall Street in American Life HarperCollins (2005) Garraty, John A. Right-Hand Man: The Life of George W. Perkins. (1960) ISBN 978-0-313-20186-8; Perkins was a top aide 1900–1910
The series focuses on the lives of Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, J. P. Morgan, and Henry Ford. It tells how their industrial innovations and business empires revolutionized modern society. The series is directed by Patrick Reams and Ruán Magan and is narrated by Campbell Scott. It averaged 2.6 million total ...
The War of Currents ended in 1892 when financier J. P. Morgan forced Edison General Electric to switch to AC power and then pushed Edison out of the company he had founded. [22] Edison General Electric company was merged with the Thomson-Houston Electric Company to form General Electric, a conglomerate controlled by the board of Thomson-Houston ...
He began as a bookkeeper but his management talents led him to becoming a partner in J. P. Morgan's banking firms. He sat on the board of directors for, and reorganized, several railroads. He facilitated investment in Thomas Edison's electrical enterprises and technology. Wright became wealthy in his business operations and was known as a ...