Jp morgan biography movie
Hill to form the Northern Securities Company. However, he soon encountered resistance from President Theodore Roosevelt , who sought to leverage the populist tide against the wealthy "robber barons" of Wall Street. A protracted legal battle was settled when the Supreme Court ruled in favor of the government in Regardless, Morgan continued to exert his authority in both industries and in government.
Jp morgan biography movie
In , J. In , Morgan again was called to aid the U. Seeking to stabilize a series of collapsing trust banks, he called several bank presidents to his Manhattan library, and, in an echo of his Corsair meeting of , locked the door until a solution could be reached. After all-night negotiations went nowhere, Morgan ended the stalemate by drawing up a bailout contract and ordering the exhausted presidents to sign.
In semi-retirement by the time the crisis was resolved, Morgan devoted much of his energy to his art collection and philanthropy. He returned to the spotlight one final time in , when he testified before the Pujo Committee's congressional investigation into the collaborations of Wall Street bankers. Morgan set sail on an overseas voyage after the hearings, but his health steadily declined, and he died at a hotel in Rome, Italy, on March 31, To commemorate his passing, the New York Stock Exchange remained closed until noon on the day of his funeral.
Morgan's astounding success transformed the financial industry and left behind a powerful legacy. Although he twice bailed out the U. Treasury, his ability to do so left many unsettled, spurring the creation of the Federal Reserve System in late Additionally, the financial giant left behind a personal art collection to rival that of any king. We strive for accuracy and fairness.
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Further reading [ edit ]. Library resources about J. Resources in your library Resources in other libraries. Morgan Resources in your library Resources in other libraries. Biographies [ edit ]. Specialized studies [ edit ]. Other [ edit ]. External links [ edit ]. Wikiquote has quotations related to J. Wikimedia Commons has media related to J.
Morgan banker. Frederic W. Robert W. General Electric. Charles A. Coffin Thomas Edison Edwin J. Houston J. Morgan Elihu Thomson. James Cash Jr. John L. History Channel original documentary films and miniseries. Categories : American television series debuts American television series endings Documentary television series about technology Science docudramas History American TV channel original programming s American drama television miniseries Television series about the history of the United States American television docudramas Cultural depictions of Thomas Edison Cultural depictions of Henry Ford Cultural depictions of William McKinley Cultural depictions of Theodore Roosevelt Cultural depictions of Nikola Tesla.
Hidden categories: Articles with short description Short description is different from Wikidata. Toggle the table of contents. The Men Who Built America. Region 1 DVD cover. Biography , Docudrama. Campbell Scott. Richard V. Lopez Brian O'Carroll. History Channel. October 16 — November 11, David C. White , Keith Palmer. October 16, Patrick Reams.
October 23, Morgan had laid a hand on half of the railroad transport in the USA, and his companies owned and operated over , miles of railroad. This meant that Morgan and his associates and business partners indirectly controlled all movements of merchandise, goods, and commodities in America. Morgan was the man who was moving the American economy in the s.
Few men in J. Morgan is that he was so fascinated by the mechanics of wealth accumulation that he adopted the resuscitation and revitalization of ailing small businesses as his hobby. Without any doubt, J. Morgan was an educated man, but he was very far from an omnivorous reader. He was a man of action, rather than of contemplation. Morgan was a very lucky man.
The year was and the Federal Treasury was in serious trouble. In fact, it was almost empty! Morgan and his friends of the Rothschild family lent the U.