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Morgan, J(ohn) Pierpontlocked

(b Hartford, CT, April 17, 1837; d Rome, March 31, 1913).
  • Pamela H. Simpson

Extract

American financier and collector. Born to a wealthy family, Morgan grew up in Hartford and Boston, but moved to London in 1854 when his father, Junius, joined an Anglo-American merchant bank there. Educated in Switzerland and Germany, the younger Morgan, known as Pierpont, also learnt the family business first hand, serving an apprenticeship in New York. Over a period of three decades from the late 19th century to the early 20th, the Morgans provided the capital that a booming American economy needed, and created such a trusted name in banking that they could not only guarantee the stability of corporate investments, they even rescued the US government twice, once in ...

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