Jp biography j p morgan jr

American banker (–)

John Pierpont Morgan Jr. (September 7, – March 13, ) 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

After graduating from St. Paul's School and Harvard College, Morgan trained as a finance executive working for his father and grandfather. He became a banking financier, a lending leader, and a director of several companies.

Jp biography j p morgan jr cover of time magazine

He supported New York's Society for the Lying-In Hospital, the Red Cross, the Episcopal Church, and endowed the creation of a rare book and manuscript collection at the Morgan Library.

Morgan brokered a deal that positioned his company as the sole munitions and supplies purchaser during World War I for the British and French governments, bringing his company a 1% commission on $3 billion ($30 million).

He was also a banking broker for financing to foreign governments b