Entrepreneur

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.

JP Morgan
Age
75
Birth Date
April 17, 1837
Death Date
3/31/1913
Life Range
(1837-1913)
Zodiac
Aries
Born
United States

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

1837
JP Morgan is Born
On April 17, 1837, JP Morgan was born in Hartford, Connecticut.
1857
Founder of J.P. Morgan & Co.
Founds the banking firm J.P. Morgan & Co., which will eventually become one of the world's most powerful financial institutions.
1901
Creates US Steel Corporation
Organizes and finances the creation of the United States Steel Corporation, making it the largest business enterprise in the world at the time.
1907
Saves US Economy From Panic
Leads a group of bankers to provide emergency financing to avert a financial panic.
1913
Death of JP Morgan
JP Morgan dies on March 31, 1913 at his home in New York City.
1913
Charter for Federal Reserve Issued
The Federal Reserve System is created after Congress passes the Federal Reserve Act, with JP Morgan playing a key role in its formation.

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

When is JP Morgan birthday?

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.