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J.P.Morgan

 

 J.P. Morgan was an important banker during the Industrial Revolution. He headed J.P. Morgan and Company.

Morgan's success as a banker started as he began to reorganizing railroads. He reorganized the Baltimore and Ohio, the Chesapeake and Ohio, and the Erie lines.

As industrial companies began to dominate the American economy, it was his firm that financed many of them, including General Electric and International Harvester. In 1901, Morgan was instrumental in the creation of US Steel, the largest corporate enterprise in the world at the time.

Morgan's expertise in banking led to the creation of the Federal Reserve System in 1913, the same year in which he died.

 

 

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1837-1913

 

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