JP Morgan, Jr.
John Pierpont Morgan (born September 7, 1867 in New York City , † September 7, 1943 ) was an American entrepreneur and banker . He was the son of the banker JP Morgan the Elder. Ä ..
biography
In 1886 he earned a bachelor's degree from Harvard College . In 1890 he married Jane Norton Grew, the daughter of a Boston banker and mill owner. The couple had two sons and two daughters.
After the death of his father John Pierpont Morgan in 1913, Morgan junior took over his company empire, one of the largest corporate groups in the USA at the time with a focus on the railways, banks, shipping, telecommunications and electrical industries.
As under his father, the company also exerted influence on US politics under Morgan junior. In the first years of the First World War, for example, he financed French and British food and ammunition purchases and later war loans to these states. The first major loan for $ 12 million was granted to Russia in 1914. In 1915 he lent France $ 50 million. All UK ammunition purchases in the US were made through one of Morgan's companies. In addition, Morgan was at the head of a syndicate of around 2,200 banks that lent the Allies around $ 500 million over the course of the war. In addition, the corporate empire played a significant role in the conversion of the US economy to war production, which made military intervention in the war possible from April 6, 1917.
On July 3, 1915, an assassin by the name of Frank Holt (his real name was Erich Münter ) attacked Morgan after previously bombing the US Capitol. Holt shot Morgan twice in the abdomen. With this, Holt wanted to prevent the US economy from delivering arms to Great Britain and Germany.
After the First World War, Morgan was a member of the banking committee that worked out the Dawes Plan in Paris .
In 1920 he made his house in London available to the US government as accommodation for an embassy. In 1924 he created the public Pierpont Morgan Library from his father's large private library , which continued to grow in the following years. Among other things, he acquired four Weingartner manuscripts, including the Berthold sacramentary . Today it is housed in several buildings and serves as a museum and research library.
Web links
- JP Morgan, Jr. in the online version of the Reich Chancellery Files Edition . Weimar Republic
- Newspaper article about JP Morgan, Jr. in the press kit 20th Century of the ZBW - Leibniz Information Center for Economics .
| personal data | |
|---|---|
| SURNAME | Morgan, JP Jr. |
| ALTERNATIVE NAMES | Morgan, John Pierpont junior |
| BRIEF DESCRIPTION | American entrepreneur and banker |
| DATE OF BIRTH | September 7, 1867 |
| PLACE OF BIRTH | New York City |
| DATE OF DEATH | September 7, 1943 |