JPMorgan

John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker, philanthropist, and art collector who dominated corporate finance and industrial consolidation during his time. In 1892 Morgan arranged the merger of Edison General Electric and Thompson-Houston Electric Company to form General Electric. After financing the creation of the Federal Steel Company he merged the Carnegie Steel Company and several other steel and iron businesses to form the United States Steel Corporation in 1901. He bequeathed much of his large art collection to the Metropolitan Museum of Art in New York City and to the Wadsworth Atheneum of Hartford, Connecticut. At the height of Morgan's career during the early 1900s, he and his partners had financial investments in many large corporations. By 1901, he was one of the wealthiest men in the world. He died in Rome, Italy, in 1913 at the age of 75, leaving his fortune and business to his son, Jack Pierpont Morgan. [edit] Early life and education J.P. Morgan was born in Hartford, Connecticut to Junius Spencer Morgan (1813—1890) and Juliet Pierpont (1816—1884) of Boston, Massachusetts. Pierpont, as he preferred to be known, had a varied education due in part to interference by his father, Junius. In the fall of 1848, Pierpont transferred to the Hartford Public School and then to the Episcopal Academy in Cheshire, boarding with the principal. In September 1851, Morgan passed the entrance exam for English High School of Boston, a school specialising in mathematics to prepare young men for careers in commerce. In the spring of 1852, illness that was to become more common as his life progressed struck; rheumatic fever left him in so much pain that he could not walk. Junius booked passage for Pierpont straight away on the ship Io, owned by Charles Dabney, to the Azores (Northern Portuguese islands) in order for him to recover. After convalescing for almost a year, Pierpont returned to the school in Boston to resume his studies. After graduating, his father sent him to Bellerive, a school near the Swiss village of Vevey. When Morgan had attained fluency in French, his father sent him to the University of Göttingen in order to improve his German. Attaining a passable level of German within six months, Morgan traveled back to London via Wiesbaden, his education complete.