J.P. Morgan: The Finance King Is Born
J.P. Morgan: The Finance King Is Born
Born on April 17, 1837, in Hartford, Connecticut, John Pierpont Morgan had business already running through his blood. His father, Junius Spencer Morgan had been the owner of a mercantile house in Boston prior to founding his own successful investment firm, J.S. Morgan & Co. in London, England. He was highly respected by his peers for helping failing companies and giving loans when they were badly needed, including a loan to the French after the Franco-Prussian War. Junius would also later go on to finance many of his son’s ventures. Meanwhile, Morgan’s mother, Sarah Pierpont, came from a reputable and wealthy family in Boston, whose father was also well versed with the business world. Although he was a well-known preacher, Sarah’s father would take advantage of any opportunity to distribute his own two business cents to anyone who would hear it.
Morgan was forced to overcome a rare disorder as a young boy that often caused fainting spells and fatigue, but he dedicated himself from an early age to academic excellence and attended only the very best schools, including the English High School of Boston. After graduating from high school, Morgan moved to Germany to study at its most prestigious institution, the University of Gottigen. It was here where he would meet his future wife, Amelia Sturges. Despite being in the later stages of tuberculosis, Morgan married her, hoping that a Mediterranean honeymoon would help cure her. Unfortunately, Amelia died of tuberculosis just four months later. Heavily traumatized by this incident, Morgan would forever after visit Amelia’s grave on their anniversary each year. This also led him to immerse himself completely in work as a distraction. He later remarried Frances Tracy, with whom he would have four children, all of whom would go on to follow in their father’s footsteps.
In 1857, after a brief study tour in the Caribbean, Morgan took up employment at Duncan, Sherman and Co., a banking firm based in New York City. Here, he worked without pay in order to better learn the ins and outs of investment banking. After three years, Morgan moved to George Peabody and Co. to work as an American agent. His father was a partner with Peabody and so Morgan strove doubly hard to establish himself.
Under his father’s wing, Morgan excelled. He left Peabody to work for Dabney, Morgan & Co. and later, Drexel, Morgan & Co in 1871. He had found his niche and knew that he was meant for a life in investment banking. It would not be long before Morgan would break out from under his father’s shadow and carve out a reputation for himself.
JP Morgan The Finance King Is Born
Like this article? Share it with your friends
Forbes.com editors ranked him as the second most influential businessman of all time as well as the most important banker who ever lived. An American financier and banker, J.P. Morgan became one of the wealthiest men in the world, who created a reputation for himself after having rescued the U.S. government from financial nightmare, and after having created the world’s first billion-dollar company among other feats. The empire and the company he created live on to this day as the third-largest financial services firm in the U.S.
Born on April 17, 1837, in Hartford, Connecticut, John Pierpont Morgan had business already running through his blood. His father, Junius Spencer Morgan had been the owner of a mercantile house in Boston prior to founding his own successful investment firm, J.S. Morgan & Co. in London, England. He was highly respected by his peers for helping failing companies and giving loans when they were badly needed, including a loan to the French after the Franco-Prussian War. Junius would also later go on to finance many of his son’s ventures. Meanwhile, Morgan’s mother, Sarah Pierpont, came from a reputable and wealthy family in Boston, whose father was also well versed with the business world. Although he was a well-known preacher, Sarah’s father would take advantage of any opportunity to distribute his own two business cents to anyone who would hear it.
Morgan was forced to overcome a rare disorder as a young boy that often caused fainting spells and fatigue, but he dedicated himself from an early age to academic excellence and attended only the very best schools, including the English High School of Boston. After graduating from high school, Morgan moved to Germany to study at its most prestigious institution, the University of Gottigen. It was here where he would meet his future wife, Amelia Sturges. Despite being in the later stages of tuberculosis, Morgan married her, hoping that a Mediterranean honeymoon would help cure her. Unfortunately, Amelia died of tuberculosis just four months later. Heavily traumatized by this incident, Morgan would forever after visit Amelia’s grave on their anniversary each year. This also led him to immerse himself completely in work as a distraction. He later remarried Frances Tracy, with whom he would have four children, all of whom would go on to follow in their father’s footsteps.
In 1857, after a brief study tour in the Caribbean, Morgan took up employment at Duncan, Sherman and Co., a banking firm based in New York City. Here, he worked without pay in order to better learn the ins and outs of investment banking. After three years, Morgan moved to George Peabody and Co. to work as an American agent. His father was a partner with Peabody and so Morgan strove doubly hard to establish himself.
Under his father’s wing, Morgan excelled. He left Peabody to work for Dabney, Morgan & Co. and later, Drexel, Morgan & Co in 1871. He had found his niche and knew that he was meant for a life in investment banking. It would not be long before Morgan would break out from under his father’s shadow and carve out a reputation for himself.
JP Morgan The Finance King Is Born
Like this article? Share it with your friends
| |||
 |
No article feedback found. | ||
|
Leave Your Feedback | ||
|
|||
 How He Built An Empire: J.P. Morgan’s Success Factors
| |||
 When J.P. Morgan was at the peak of his career, the Wall Street Journal had this to say of his success: “God made the world in 4004 B.C. and it was reorganized in 1901 by J.P. Morgan.” |
|||
|
Lesson #5: Know Your Enemy
| |||
| “A man always has two reasons for doing anything,” Morgan believed. “A good reason and the real reason.” Morgan was a mastermind when it came to knowing and being able to read his enemy. He knew his limits but he wa... |
|||
|
J.P. Morgan: The Finance King Is Born
| |||
| Forbes.com editors ranked him as the second most influential businessman of all time as well as the most important banker who ever lived. An American financier and banker, J.P. Morgan became one of the wealthiest me... |
|||
|
Lesson #4: Do What You Love Most
| |||
| Morgan was one of those lucky few who knew from the get-go what he wanted to spend his life doing. There was never any doubt in Morgan’s mind, or to anyone who knew him, that he was meant for a career in business. I... |
|||
|
Lesson #1: Take Small Steps To Big Ideas
| |||
| “Go as far as you can see,” said Morgan. “When you get there, you’ll be able to see farther.” |
|||
| |||
|
For an online Car Loan Calculator and finance for a cheap car loan. Get approved on car loans or car finance in Australia with cheap bank car loans and finding a car finance broker. Commercial car loans including business car finance and car lease. Car Loan Calculator has information on finance companies and getting the right cheap car loan from banks at best car loan rates and a online car loan calculator for all finance in Australia. Get the best car finance with our help at Car Loan Calculator and Finance Ezi. - Visit Richard Jefferies's Website |
|||
Bernard ReberBack in late 1992, MS Access hit the streets. About that time the company I managed needed new software to handle their growing client base and I decided to try this new product. I had little difficulty writing and adapting a database to suit us and discovered a hidden talent for programming. A business was born. With business studies and 25 years of management experience in three different countries under my belt, I could offer a unique combination of skills and my customers agreed. From these humble beginnings my software 'invoiceit' emerged in 1999 and has since been taken to 49 states (hello Wyoming, won't you join us?), all across Canada and more than 70 other countries. From the very beginning the program included cashbook accounting, the simplest form of keeping financial business records. The Dictionary.com defines 'cashbook' as "A 'book' in which to record money received and paid out". For 'book' substitute 'simple software' and that's what I'm about. Now I have published Simple Accounting, an inexpensive spreadsheet solution which even you can master. For just $14.95 it costs less than a takeout meal! More at http://www.scrambled-card.com/simple_accounting_main.htm - Visit Bernard Reber's Website |
|||
Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) Jay Kubassek is a Canadian born entrepreneur, internet marketing genius, professional speaker, international real estate developer/investor, executive film producer, extreme sport enthusiast and a passionate supporter of several charities worldwide. In 2007, Jay's vision and dedication to help other entrepreneurs and business owners duplicate his marketing success led to the creation of his fourth company CarbonCopyPRO, an internet marketing firm already worth over 15 million dollars that has over 20 employees and contract workers with clients is 12 different countries. Jay resides in NYC with his girlfriend Jamie, three year old son Milo and dog Cooper. As executive producer he recently premiered his first film in the 2008 Cannes Film Festival. As an adventurist he is racing the 2008 Baja 1000 off-road race and is a member of the 2008 U.S. National Elephant Polo Team, The New York Blue who will be representing the US in the 2008 World Championships in Nepal. Visit Jay's Blog: www.JayKubassek.com - Visit Jay Kubassek's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
 |
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
 |
 | ||
 |
||
 |
||
|
||
|
| ||
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 |
 SEO Today Sample Press Release Solving Problems Crazy Busy Factual |
|
 | ||
 |
Fortune Hunters
CBC Entrepreneur TV | |
 |
Top 50 Niche Blogs 2009
Top 50 Niche Blogs 2009 | |
| ||
 |
|
|
|
|
||||||||||||||||||||||||
 |
|
|
||||||||||||
