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John Pierpont Morgan (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.
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When the federal government ran out of gold in 1895, J P Morgan bailed it out with gold from his bank. Then he bailed out the government again in 1907. He bought out Andrew Carnegie and formed the largest corporation in the world U.S. Steel.
Rich Uncle Penny Bags, better known as the banker in the Monopoly board game is based on J. P. Morgan.
His company JP Morgan Chase is the largest bank in the United States.
This program covers the life of America’s gilded age financier whose influence is still felt today.
Presenter: Rick Feingold teaches American Business History at Bergen Community College and holds an MBA from Penn State University and a B.A.in History from Rutgers University.
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