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Páginas: 3 (573 palabras) Publicado: 7 de octubre de 2014
Synopsis
Born on April 17, 1837, in Hartford, Connecticut - died on March 31, 1913, in Rome, Italy. In 1871, Morgan began his own private banking company, which later became known as J.P. Morgan &Co. He was hailed as a master of finance at the time of his death, and is still considered one of the largest employers in the country.





Morgan went into the family business and became oneof the most famous financiers in history. After working for his father, he started his own private banking company in 1871, which later became known as J.P. Morgan & Co.
His company became one of theleading financial firms in the country. It was so powerful that even the U.S. government looked to the firm for help with the depression of 1895. The company also assisted in thwarting the 1907financial crisis.
During the late 1800s and even after the turn of the century, much of the country's industries were in the hands of a few powerful business leaders, especially Morgan. He was criticizedfor creating monopolies by making it difficult for any business to compete against his. Morgan dominated two industries in particular -- he helped consolidate railroad industry in the East and formedthe United States Steel Corporation in 1901.
A crucial material in the extensive growth of the nation, U.S. Steel became the world's largest steel manufacturer. The government, concerned that Morganhad created a monopoly in the steel industry, filed suit against the company in 1911. The following year, Morgan and his partners became the subject of a congressional investigation by the PujoCommittee in 1912.

Sinopsis
Nacido el 17 de abril de 1837, en Hartford, Connecticut. En 1871- murió el 31 de marzo de 1913, en Roma, Italia., Morgan comenzó su propia compañía de banca privada, que mástarde sería conocido como JP Morgan & Co. Fue aclamado como un maestro de las finanzas en el momento de su muerte, y sigue siendo considerado uno de los empresarios más importantes del país.
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