USA HISTORY

Detailed explanation-1: -John Pierpont Morgan Sr. (April 17, 1837 – March 31, 1913) was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age.

Detailed explanation-2: -Although J.P. Morgan will always be remembered for trying to create a steel monopoly with U.S. Steel, many other large companies Morgan helped create still exist, such as General Electric and Navistar International. Morgan’s perceived power was much greater than the actual wealth he controlled.

Detailed explanation-3: -He made a fortune in railroads. In 1898, Morgan formed the Federal Steel Company. Again he merged with other steel companies, forming the huge United States Steel Corporation. He made another fortune in steel.

Detailed explanation-4: -J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. He reorganized several major railroads and became a powerful railroad magnate. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester.

Detailed explanation-5: -Our company is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. Our rich history spans over 200 years. We are a leader in investment banking, financial services for consumers and small business, commercial banking, financial transactions processing and asset management.