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John Pierpont Morgan Jr. (September 7, 1867 – March 13, 1943) was an American banker, and finance executive. [1] He inherited the family fortune and took over the business interests including J.P. Morgan & Co. after his father J. P. Morgan died in 1913.
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
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
The J.P. Morgan name was abandoned in the 1950s in favor "Morgan Guaranty Trust." The bank used this name until 1988, and by the late '90s J.P. Morgan had built itself into a respectable (but not ...
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.
J.P. Morgan & Co. is an American financial institution specialized in investment banking, asset management and private banking founded by financier J. P. Morgan in 1871. Through a series of mergers and acquisitions, the company is now a subsidiary of JPMorgan Chase , one of the largest banking institutions in the world.
Two years after Drexel's death in 1893, Drexel, Morgan & Co. was renamed J.P. Morgan & Co., one of the original predecessors of what is today JPMorgan Chase. In 1901, the bank financed the formation of the United States Steel Corporation , the world's first billion-dollar corporation, which took over the business of Andrew Carnegie and other ...