Purpose and benefits

He was a sickly child and a sickly adult, but, despite his fragile health, J.P. Morgan was one of the greatest financiers of his age.After an education spread across the globe, he joined the firm of Duncan, Sherman, and Co in America in 1857. He saw the American Civil War as an opportunity to make money, which he did. And in 1862 he founded his own company, Dabrey, Morgan, and Co. By 1871 he had teamed up with the firm of Drexel, based in Philadelphia, to form Drexel, Morgan, and Co. He swiftly established himself as one of the leading financiers in New York. Industrialists and governments regularly turned to him for advice, and he helped avert a US financial crisis in 1895.

Related Solutions

Method

Biographical details, defining career moments and context and contributions.

Time to Complete

10 mins

Length

4 Pages

Participants

1

Price

£2 Pounds Sterling
(inc. VAT)