- Dates
- 1837–1913
- Also known as
- J. Pierpont Morgan, John Pierpont Morgan
- Wikidata
- Q54168
Connections 6
head of
- J. P. Morgan & Co. According to JPMorgan Chase Self-published 1
intervened in
- Panic of 1907 organized a pool of bank money Scholarship & press 2
involved in
- Sale of the Carnegie Steel Company and formation of U.S. Steel buyer Self-published 3
- Money Trust Investigation witness Primary record 4
- Panic of 1907 raised cash to keep the exchange open Scholarship & press 5
subject of a tale
-
The Titanic and Federal Reserve tale
Scholarship & press
678
The tale names him as the one who arranged it. He was booked on the voyage and cancelled; historians debate why, and none of the reasons is related to the Federal Reserve (Reuters).
Timeline 1 date
- 1837–1913 J. P. Morgan
Proof 8 sources
-
History, JPMorganChase.
Self-published
Under Pierpont's leadership the firm, later renamed J.P. Morgan and Company, was largely responsible for financing and organizing the railroads, steel, and utility companies that established the United States as a modern industrial power.
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Excerpt: The Panic of 1907 (Robert F. Bruner and Sean D. Carr), NPR, from The Panic of 1907, John Wiley & Sons, 28 Aug 2007.
Scholarship & press
By 2:16 p.m., Morgan had secured $23.6 million from 14 banks.
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Autobiography of Andrew Carnegie, Andrew Carnegie, Houghton Mifflin (text via Project Gutenberg #17976), 1920.
Self-published
The Carnegie Steel Company was bought by Mr. Morgan at Mr. Carnegie's own price.
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Money Trust Investigation, Part 15: testimony of J. Pierpont Morgan, 19 December 1912, U.S. House of Representatives, Subcommittee of the Committee on Banking and Currency (scan via Internet Archive), 19 Dec 1912.
Primary record
the examination of Mr. Morgan will be resumed.
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Panic of 1907, Federal Reserve History, Federal Reserve Bank of Atlanta and Board of Governors.
Scholarship & press
The New York Stock Exchange remained open largely because of the legendary actions of Morgan, who solicited cash from large financial and industrial institutions and then had it delivered directly to the loan post at the exchange to support brokers who were willing to extend credit.
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False Rumor Suggests Sinking of Titanic Was Inside Job, Snopes, 15 Sep 2022.
Scholarship & press
Past memes suggested that Morgan had somehow miraculously orchestrated the voyage to end in tragedy in order to kill Guggenheim, Straus, and Astor.
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J.P. Morgan: Biography, Financier and Wealth, History.com.
Scholarship & press
was booked on the ill-fated April 1912 voyage but had to cancel.
The famous financier died at age 75 on March 31, 1913, in Rome, Italy.
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Fact Check: J.P. Morgan did not sink the Titanic to push forward plans for the U.S. Federal Reserve, Reuters, 17 Mar 2021.
Scholarship & press
Archived copy
I've never been able to find an authoritative 1912 source explaining the exact reason why J. P. Morgan cancelled his passage on the Titanic, but he definitely didn't do so mere ‘hours’ before the ship's departure,
Historians have debated several reasons for Morgan to cancel his trip, but none is related to the Federal Reserve.
Page history 1 change
- Add 55 stories, each checked against its sources96e92fe6
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