JP Morgan
J.P. Morgan was an influential banker and entrepreneur who founded JP Morgan & Co. and helped expand the banking industry in America by financing many important companies.
About
JP Morgan is an American banker, entrepreneur and philanthropist. He is well-known for having founded the J.P. Morgan & Co. financial company in 1871. Morgan is also remembered for his substantial contributions to the U.S. financial sector, as well as his philanthropy and the establishment of numerous educational institutions such as the JP Morgan Chase Institute.
JP Morgan Timeline
5 Interesting Facts about JP Morgan
1.
Founded J.P. Morgan & Co
J.P. Morgan founded the banking firm J.P. Morgan & Co. in 1871, which is now known as JPMorgan Chase & Co.
2.
Financed US Steel
J.P. Morgan financed the creation of US Steel in 1901, making it the world’s first billion-dollar corporation.
3.
Saved the U.S. Treasury
In 1895, J.P. Morgan saved the U.S. Treasury from bankruptcy by organizing a syndicate to purchase $65 million of government bonds.
4.
Established Carnegie Hall
JP Morgan provided the funds for the construction of Carnegie Hall in New York City in 1890.
5.
He Was an Art Collector
J.P. Morgan was an avid art collector and owned works by Rembrandt, Rubens, Raphael, and Botticelli.
Frequently Asked Questions
JP Morgan was a renowned American entrepreneur, born on April 17, 1837 and died on March 31, 1913 at the age of 75. He is best remembered for his role in the founding of some of the United States' largest companies, such as the banking firm JP Morgan & Co. and the US Steel Corporation. He is also credited with helping to stabilize the US economy during the Panic of 1907.