J.P. Morgan in the context of "Panic of 1907"

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⭐ Core Definition: J.P. Morgan

John Pierpont Morgan Sr. (April 17, 1837 – March 31, 1913) was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age and Progressive Era. As the head of the banking firm that ultimately became known as JPMorgan Chase & Co., he was a driving force behind the wave of industrial consolidations in the United States at the turn of the twentieth century.

Over the course of his career on Wall Street, Morgan spearheaded the formation of several prominent multinational corporations including U.S. Steel, International Harvester, and General Electric. He and his partners also held controlling interests in numerous other American businesses including Aetna, Western Union, the Pullman Car Company, and 21 railroads. His grandfather Joseph Morgan was one of the co-founders of Aetna. Through his holdings, Morgan exercised enormous influence over capital markets in the United States. During the Panic of 1907, he organized a coalition of financiers that saved the American monetary system from collapse.

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J.P. Morgan in the context of Lindau Gospels

The Lindau Gospels is an illuminated manuscript in the Morgan Library in New York, which is important for its illuminated text, but still more so for its treasure binding, or metalwork covers, which are of different periods. The oldest element of the book is what is now the back cover, which was probably produced in the later 8th century in modern Austria, but in the context of missionary settlements from Britain or Ireland, as the style is that of the Insular art of the British Isles. The upper cover is late Carolingian work of about 880, and the text of the gospel book itself was written and decorated at the Abbey of Saint Gall around the same time, or slightly later.

When J.P. Morgan, already in his early sixties, bought the book in 1901, it was his first major purchase of a medieval manuscript, setting the direction that much of his subsequent collecting was to follow.

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J.P. Morgan in the context of Morgan Stanley

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue and in the same year ranked No. 30 in the Forbes Global 2000.

The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act, which required the splitting of American commercial and investment banking businesses. In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements.

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J.P. Morgan in the context of Bibliophile

A bookworm or bibliophile is an individual who loves and frequently reads or collects books. Bibliophilia or bibliophilism is the love of books.

Bibliophiles may have large, specialized book collections. They may highly value old editions, autographed copies, or illustrated versions. Bibliophilia is distinct from bibliomania, a compulsive obsession to collect books which can affect interpersonal relationships or health. The term "bibliophile" has been in use since 1820 and has been associated with historical figures like Lord Spencer and J.P. Morgan, who were known for their extensive book collections.

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