J. P. Morgan Jr.’s profile picture

J. P. Morgan Jr.

Banker
J. P. Morgan Jr.’s profile picture
Net worth 2018: Under Review
Industry: Business People
Residence: New York City
Country: United States
BirthDay: 7 September 1867
Sigh: Libra
Died On: March 13, 1943
Education: Harvard University
BIOGRAPHY

J. P. Morgan Jr. was bornon 7 September 1867 in New York City, American, is Banker. J. P. Morgan, Jr. was an American banker and a philanthropist; he was the son of the famous banker J. P. Morgan. After the death of his father, he took over the family business interests which included the J. P. Morgan & Co. and inherited a lot of fortune. He contributed largely to the family wealth when he got awarded with an elite contract for the British government as munitions purchasing agent during the World War I. After the war, he went to Europe several times just to report on the financial conditions over there. His profiteering from the war wasn’t liked by many and he was shot twice by an intruder when he was living in his Long Island Mansion. However, he recovered soon and continued with his philanthropic activities. At the time of depression, Morgan Jr. fought largely against Franklin D. Roosevelt’s New Deal. He also became successful in securing around $100M in loans to the Italian dictator Benito Mussolini prior to World War II. J. P. Morgan was a philanthropist by heart and supported a number of organisations which included the Red Cross, New York Lying-In Hospital and the Episcopal Church.

TIMELINE
2000

He organised around 2000 banks for underwriting a total of $1,500,000,000 in Allied Bonds for financing the Franco-British requisitions for the credits in United States

1943

died of stroke on March 13, 1943, at the age of 75, in Boca Grande, Florida, U

1933

In 1933, the Banking Act of that year same year forced his company to separate its investment banking activities from its commercial banking activities

1929

served on a committee about the German reparations in Paris and was also a delegate for the United States to a reparations conference in 1929

1920

By 1920s, Morgan Guaranty was a leading lender to Germany and Europe and as a result it became one of the world's most important banking institutions of the time

1915

In 1915, he was shot twice by an invader called Frank Holt who tried to assassinate Morgan in his Long Island mansion

1889

Paul’s School and Harvard in 1889 and joined his father’s firm J

1867

was born in Irvington, New York on September 7, 1867 to J

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