J.P. Morgan

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J. P. Morgan
John Pierpont Morgan (April 171837 –  March 311913) was an American financier, banker, philanthropist, and art collector who dominated corporate finance and industrial consolidation during his time. In 1892 Morgan arranged the merger of Edison General Electric and Thompson-Houston Electric Company to form General Electric. After financing the creation of the Federal Steel Company he merged the Carnegie Steel Company and several other steel and iron businesses to form the United States Steel Corporation in 1901. He bequeathed much of his large art collection to the Metropolitan Museum of Art in New York City and to the Wadsworth Atheneum of Hartford, Connecticut. At the height of Morgan's career during the early 1900s, he and his partners had financial investments in many large corporations. By 1901, he was one of the wealthiest men in the world. He died in RomeItaly, in 1913 at the age of 75, leaving his fortune and business to his son, Jack Pierpont Morgan.
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