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Meet the man who bailed out America, twice

J P Morgan: the 'robber baron' saviour of the US economy
J P Morgan is born in Connecticut into fabulous wealth
Childhood health challenges and education
A move to Europe
The start of an illustrious career
A tragic first love
J P Morgan's alleged Civil War profiteering
A new partner and a new wife
A blossoming US market
Head to head with the railroad 'robber barons'
A first railroad industry foray
The Panic of 1873 propels Morgan's firm to new heights
J P Morgan's early US railroad deals
Morganisation
A wealth boost and electricity obsession
J P Morgan backs Thomas Edison's firm and clashes with John D Rockefeller
J P Morgan's great US railroad reorganisation begins
The birth of General Electric
J P Morgan bails out the US government following the Panic of 1893
J P Morgan 'buys' a US president
A preference for travelling by yacht
US Steel, the first billion-dollar company
More monopolies and a Tesla fiasco
Failed London Underground venture
President Theodore Roosevelt takes on J P Morgan
America's greatest arts patron and gem collector
J P Morgan bails out the US government following the Panic of 1907
Congress probes J P Morgan and the Titanic sinks
J P Morgan dies in Rome
J P Morgan's incredible legacy
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Everett Collection Historical/Alamy

J P Morgan: the 'robber baron' saviour of the US economy

A titan of finance and industry, J P Morgan almost single-handedly bankrolled the Gilded Age and Progressive Era. As boss of the Wall Street institution that bore his name, the business colossus played an instrumental role in making the US economy the strongest in the world.

Critics labelled Morgan a ruthless "robber baron" who exploited workers, stamped out competition and even "bought" a president. But the "cut-throat capitalist" was also a mega-philanthropist who twice rescued America from financial ruin.

Read on to discover the incredible life and legacy of an influential and controversial figure who changed the world forever.

All dollar amounts in US dollars

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Daniel Coughlin

20 August 2024

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