Search results
Results from the WOW.Com Content Network
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 ...
Second in line of the Olympic class, Titanic was launched on 31 May 1911, [48] and her commissioning was slightly delayed due to ongoing repairs of Olympic. [49] The ship left the port of Southampton 10 April 1912 for her maiden voyage, narrowly avoiding a collision with SS New York, a ship moored in the port pulled by the propellers of Titanic.
Morgan had booked a luxury suite with a private promenade deck on the RMS Titanic and scheduled to sail on the ill-fated maiden voyage of the ship, which was owned by an IMMC subsidiary, White Star Line, but those plans were later changed. [56] [57] The ship's famous sinking was a financial disaster for IMMC. Analysis of financial records shows ...
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 ...
For premium support please call: 800-290-4726 more ways to reach us
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 ...
The initial success was quickly disrupted. On 20 September 1911, Olympic was damaged following a collision with the cruiser HMS Hawke, which led to her return to the shipyard for lengthy repairs and the postponement of the entry into service of Titanic. [106] Titanic eventually entered service in April 1912, but her career would be short-lived.
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]