John P. Morgan

John Pierpont Morgan I. (John Pierpont Morgan I) – American financier and industrial organizer, one of the most famous financial figures of the two decades before World War I. He organized several of the most important railways and merged the United States Steel, International Harvester and General Electric. Son of a famous financier, Junius Spencer Morgan (1813-90), John Pierpont was born 17 April 1837 G. Hartford, Connecticut, USA educated at Boston and the University of Göttingen. He started his career in 1857 year as an accountant at the New York banking firm Duncan, Sherman and Co ”, who was the American representative of the London firm "George Peabody & Co". IN 1861 Morgan became an agent for his father's banking company in New York. During the period 1864-71 years he was a member of the firm "Dabney, Morgan and Co. ”and c 1871 year he became a partner of the New York firm Drexel, Morgan and Co. ”, which soon became the dominant source of funding for the US government. This firm was reorganized as J.. P. Morgan and Co. 1895, And, largely due to Morgan's abilities, it has become one of the most powerful banking houses in the world.