Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
J.P. Morgan - College Term Paper

J.P. Morgan

John Pierpont Morgan is considered one of the founding fathers of the modern United States economy. He was an industrial genius that is accredited with the founding of many companies including General Electric and AT&T. However, Pierpont is looked upon as a saint and demon the same. He received a honorary degree from Harvard university that read: "Public citizen, patron of literature and art, prince among merchants, who by his skill, wisdom and courage, has twice in times of stress repelled a national danger of financial panic." But Robert LaFollette, the Wisconsin progressive, saw him as "a beefy, red-faced thick-necked financial bully, drunk with wealth and power." Despite ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

in Hartford, Connecticut. He helped to organize a canal company, steamboat lines and the new railroad that connected Hartford with Springfield. Finally he became one of the founders of the Aetna Fire Insurance Company. Joseph's first son was Junius Spencer Morgan, also destined for the life of a businessman. He spent a number of years as a dry-goods merchant before moving to Boston and into the foreign trade business. Junius was invited to join the firm of George Peabody & Co. in 1854. In 1864 Junius took over the Peabody Company and changed the name to J.S. Morgan & Co.
John Pierpont Morgan was born on April 17, 1837 in Hartford, Connecticut. He was nicknamed "Pip" by his childhood friends. The family prospered in Hartford until Junius moved the family to Boston where Pip began Boston English High. He did well in the prestigious high school and then in his second high school in Vevey, Switzerland. The family moved to London and John transferred to the University of ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.

Already a member? Login

former businessman of Duncan, Sherman & Company. Charles Dabney and Morgan started their own company named Dabney, Morgan & Co. Morgan's business continued to grow as he intensively involves his company in more trade and commerce transactions. In 1871 Dabney retired and Anthony J. Drexel became Morgan's new senior partner. Drexel was already the head of the Philadelphia investment bank Drexel & and Company. The new company Drexel Morgan & Co. became one of the largest and most successful companies on Wall Street. The firm also became the predominant force in US government funding. When Junius Morgan died in 1890, J.P. became head of the London house. Pierpont now was ...

Succeed in your coursework without stepping into a library.
Get access to a growing library of notes, book reports,
and research papers in 2 minutes or less.

CITE THIS PAGE:

APA
MLA
Chicago
Turabian

J.P. Morgan. (2004, November 15). Retrieved November 23, 2024, from http://www.essayworld.com/essays/J-P-Morgan/17532

"J.P. Morgan." Essayworld.com. Essayworld.com, 15 Nov. 2004. Web. 23 Nov. 2024. <http://www.essayworld.com/essays/J-P-Morgan/17532>

"J.P. Morgan." Essayworld.com. November 15, 2004. Accessed November 23, 2024. http://www.essayworld.com/essays/J-P-Morgan/17532.

JOIN NOW

Join today and get instant access to this and 50,000+ other essays

PAPER DETAILS

Added: 11/15/2004 10:52:46 AM
Category: Biographies
Type: Premium Paper
Words: 2994
Pages: 11

Save |

Report

SHARE THIS PAPER

SAVED ESSAYS

Save and find your favorite essays easier