The banking dynasty that financed America's industrial age and twice steadied the nation's economy.
J. Pierpont Morgan built J.P. Morgan & Co. into the dominant force in American banking, financing railroads and helping create giants like U.S. Steel and General Electric.
So central was he that he personally organized rescues of the U.S. financial system in the panics of 1893 and 1907. His son, J.P. Morgan Jr., carried the house forward, and the family's art and book collections became the Morgan Library & Museum.
The Morgans embodied the power of American finance, and the banking name lives on in J.P. Morgan today. The Morgan Library in New York preserves the family's extraordinary collections.
Pierpont Morgan's interventions in financial panics helped spur the creation of the Federal Reserve.
The Morgan family is based in New York. The most powerful name in American finance of the Gilded Age; the bank endures today
1860s.
J. Pierpont (J.P.) Morgan — the dominant American banker of his age
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