John Pierpont Morgan, Sr.

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John Pierpont Morgan, Sr.

Also Known As: ""J.P.""
Birthdate:
Birthplace: Hartford, CT, United States
Death: March 31, 1913 (75)
Roma, Lazio, Italia (Italy)
Place of Burial: Hartford, Connecticut., United States
Immediate Family:

Son of Junius Spencer Morgan and Juliet Morgan
Husband of Amelia "Memie" Morgan and Frances Louise Morgan
Father of Louisa Pierpont Morgan; John Pierpont Morgan, Jr.; Juliet Pierpont Hamilton and Anne Tracy Morgan
Brother of Sarah Spencer Morgan; Mary Lyman Burns; Junius Spencer Morgan and Juliet Morgan

Occupation: International banker, Financier, Banker, Founder of J.P. Morgan & Co. & U.S. Steel
Managed by: James Duane Pell Bishop III
Last Updated:

About John Pierpont Morgan, Sr.

"...John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker and art collector who dominated corporate finance and industrial consolidation during his time. Founder of United States Steel Corporation. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric. After financing the creation of the Federal Steel Company he merged in 1901 with the Carnegie Steel Company and several other steel and iron businesses, including Consolidated Steel and Wire Company owned by William Edenborn, to form the United States Steel Corporation..."

"Over the course of his career on Wall Street, J.P. Morgan spearheaded the formation of several prominent multinational corporations including U.S. Steel, International Harvester and General Electric which subsequently fell under his supervision. He and his partners also held controlling interests in numerous other American businesses including Aetna, Western Union, Pullman Car Company and 21 railroads. Due to the extent of his dominance over U.S. finance, Morgan exercised enormous influence over the nation's policies and the market forces underlying its economy. During the Panic of 1907, he organized a coalition of financiers that saved the American monetary system from collapse."

"....P. Morgan was born and raised in Hartford, Connecticut to Junius Spencer Morgan (1813–1890) and Juliet Pierpont (1816–1884) of Boston, Massachusetts. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius...."

"...Morgan went into banking in 1857 at his father's London branch..."

"...Morgan during the American Civil War was required by law to either serve himself or provide a substitute; he paid $300 for a substitute while he worked to finance the Union war effort..."

"...Morgan was a lifelong member of the Episcopal Church, and by 1890 was one of its most influential leaders..."

"...In 1861, he married Amelia Sturges, a.k.a Mimi (1835–1862). After her death the next year, he married Frances Louisa Tracy, known as Fanny (1842–1924) on May 31, 1865. They had four children:

  1. John Pierpont Morgan (1867–1943),
  2. Louisa Pierpont Morgan (1866–1946) who married Herbert L. Satterlee,[23]
  3. Juliet Pierpont Morgan (1870–1952), and William Pierson Hamilton (1869–1950)
  4. Anne Morgan (1873–1952).

"...His house on Madison Avenue was the first electrically lit private residence in New York..."

"...Morgan died while traveling abroad on March 31, 1913, just shy of his 76th birthday. He died in his sleep at the Grand Hotel in Rome, Italy. Flags on Wall Street flew at half-staff; the stock market closed for two hours when his body passed through..."

"...At the time of his death, he only held 19% of his own net worth, an estate worth $68.3 million ($1.39 billion in today's dollars based on CPI, or $25.2 billion based on 'relative share of GDP'), of which about $30 million represented his share in the New York and Philadelphia banks. The value of his art collection was estimated at $50 million..."

His remains were interred in the Cedar Hill Cemetery in his birthplace of Hartford, Connecticut. His son, J. P. Morgan, Jr., inherited the banking business..."

SOURCE: Wikipedia contributors, 'J. P. Morgan', Wikipedia, The Free Encyclopedia, 19 August 2011, 23:39 UTC, <http://en.wikipedia.org/w/index.php?title=J._P._Morgan&oldid=445740400> [accessed 26 August 2011]

Additional Information:

Encyclopedia Titanica (2005) John Pierpont Morgan (ref: #2467, last updated: 3rd October 2005, accessed 9th September 2023 07:04:20 AM)
URL : https://www.encyclopedia-titanica.org/titanic-biography/john-pierpo...

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John Pierpont Morgan, Sr.'s Timeline

1837
April 17, 1837
Hartford, CT, United States
1866
November 15, 1866
Hartford, Hartford County, Connecticut, United States
1867
September 7, 1867
Irvington, NY, United States
1870
July 19, 1870
Hartford, Hartford, CT
1870
Age 32
New York Ward 21 District 19 (2nd Enum), New York, New York
1873
July 25, 1873
New York, New York, United States
1880
1880
Age 42
Highland, Orange, New York, United States