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Drexel, Morgan & Co., headed by Anthony J. Drexel and J. P. Morgan Sr., was renamed J.P. Morgan and Company after Drexel's death in 1895. [ 57 ] [ 58 ] During the late 19th century, the bank evolved into one of the most influential institutions in the United States, and the elder Morgan became one of the country's most powerful financiers.
J.P. Morgan's founder is J. Pierpont Morgan.His father, Junius Spencer Morgan, was in the merchant banking business in London from 1854 until his death in 1890. In 1873, the Scottish American Investment Trust, a predecessor firm (Robert Fleming & Co. was sold to Chase Manhattan in 2000), was formed.
Junius Spencer Morgan I (April 14, 1813 – April 8, 1890) was an American banker and financier, as well as the father of John Pierpont "J.P." Morgan and patriarch to the Morgan banking house. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner.
The Morgan family is an American family and banking dynasty, which became prominent in the U.S. and throughout the world in the late 19th century and early 20th century.. Members of the family amassed an immense fortune over the generations, primarily through the work of Junius Spencer (J.S.) Morgan (1813–1890) and John Pierpont (J. P.) Morgan Sr. (1837–19
JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co ...
John Pierpont Morgan Jr. (September 7, 1867 – March 13, 1943) was an American banker, and finance executive. [1] He inherited the family fortune and took over the business interests including J.P. Morgan & Co. after his father J. P. Morgan died in 1913.
Carnegie Steel Company was sold in 1901 to U.S. Steel, a newly formed organization set up by J. P. Morgan. [10] It sold at roughly $492 million [11] ($18 billion+ today), of which $226 million ($8.3 billion+ today) went to Carnegie himself. [12] U.S. Steel was a conglomerate with subsidiary companies.
By 1910, all the firm's Morgan family partners were resident in the U.S. and to reflect this the London partnership was restructured with J. P. Morgan & Co. in the U.S. assuming a 50% ownership of the London business which was reconstituted as Morgan Grenfell & Co. in recognition of the senior London-based partner, Edward Grenfell.
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277 W. Nationwide Blvd, Columbus, OH · Directions · (614) 227-5725