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Moved to New York
He worked as an accountant for Duncan, Sherman and Co. -
Influential Leader
1864-1872 He served as an influential leader of Dabney Mornan and Co. -
Railroad Control
J P Morgan reconstructed and reorganized financially struggling railroads. He eventually gained large numbers of stock in these companies, and controlled nearly 1/6 of America's railroads. -
Helping the Government
He assisted in rescuing the American gold standard when he headed a syndicate that loaned the government more than 16 million dollars. -
Personal Entrepreneur
HE started his own private banking company. -
Partnership
Formed Drexel, Morgan, and Co. -
Electricity Fouder
Helped to back Thomas Edison's Edison Electric Company -
Edison & Thomas Merger
He arranged the merger of Edison Electric Company and Thomas-Houston to form General Electric. -
JP Morgan and Co.
Drexel, Morgan, and Co. was recognized as JP Morgan and Co. which was later recognized as one of the most powerful banking institutions in the world. -
US Steel
He helped to form US Steel which was the world's first billion dollar corporation. To do this he merged Carnegie steel with a bunch of other steel companies and iron industries. -
Financial Crisis of 1907
He is known for leading wall street out of the financial crisis. -
Expanding
He provided financial support ton not just railroads and coal mines, but also to insurance companies, and communications. -
Federal Investigation
He was called to testify in front of a congressional committee that was investigating a "money trust" -
Death
He died in his sleep.