JP Morgan

MORGAN, J. Pierpont (1837-1913) Banker and industrialist J. Pierpont Morgan was one of the world's foremost financial figures in the decades before World War I. He organized railroads and formed the United States Steel Corporation. His wealth and financial management skills were so considerable that he was able to steer the United States Treasury from the brink of disaster. John Pierpont Morgan was born in Hartford, Conn., on April 17, 1837. His father was a very successful …

…vast United States Steel Corporation. He also financed International Harvester and the International Merchant Marine. Morgan was not always praised for such financial wizardry. In 1912 a federal committee investigated his operations. It was thought by many at the time that his consolidation of companies created unfair monopolies. Morgan was an art collector, and he donated many priceless works to New York City's Metropolitan Museum of Art. J.P. Morgan died in Rome, Italy, on March 31, 1913.