USA HISTORY

Detailed explanation-1: -J.P. Morgan cofounded (1871) the banking company Drexel, Morgan and Company. It became J.P. Morgan and Company in 1895 and is now JPMorgan Chase & Co. In addition, it was the centrality of his role in averting disaster in 1907 that led the U.S. government to create the Federal Reserve System.

Detailed explanation-2: -In 2008, Morgan Stanley becomes a bank holding company and forms a strategic alliance with Mitsubishi UFJ Financial Group (MUFG). Morgan Stanley completes the purchase of the Morgan Stanley Wealth Management joint venture in 2013, becoming 100% owner of one of the world’s leading wealth management franchises.

Detailed explanation-3: -The Morgan breed is known for its versatility, and is used for a number of English and Western events. They have been successfully shown in many disciplines, including dressage, show jumping, Western pleasure, cutting and endurance riding. They are also used as stock horses and for pleasure riding and driving.

Detailed explanation-4: -Morgan was very good at making failing companies into profitable companies. After the 1893 financial panic, he helped the railroad industry recover. He merged railroad companies and became a stockholder in every one of them. He made a fortune in railroads.