JP Morgans life story

Essay by davidj241University, Bachelor's November 2014

download word file, 5 pages 0.0

Generations of Americans have played the game of Monopoly, but few know that it, along with its mascot, "Rich Uncle Pennybags", was inspired by a real person who was fundamental in keeping the American economy stable for decades. Presidents sought him out to preserve the nation. For four decades, the power was not held by the oval office, or by congress, or by the People. Rather it rested in the pocketbook of John Pierpont Morgan. In order to understand how America rose to superpower status in back to the legacies of our industrial founding fathers, primarily J.P. Morgan. J.P. Morgan's legacy left a strong impact upon American economics, which has lasted for the past century.

J.P. Morgan's legacy left a strong impact upon America economics, which has lasted for the past century. John Pierpont Morgan was born intended to be a powerful leader. His father played a huge part in pushing him towards banking.

He noticed of how strong a leader Pierpont was amongst his childhood peers. Pierpont was enrolled him in some of the finest schools in the Massachusetts/Connecticut area, specializing in mathematics and designed for men entering into commerce. He also went to schools in Switzerland and Germany, where he could develop his French and German, and be able to one day develops connections with the powerful European banks and bankers. Pierpont's father controlled his career choices and decisions, pushing him to the top of the financial "food chain". After schooling, his father arranged for him to work at one of the family's bank branches in New York. When Pierpont had accumulated a sizable fortune, he considered retirement, but his father forbade him. Instead, he encouraged him to push forward in his career as a banker. As a man in his late twenties, his father still made...