J. P. Morgan
John Pierpont Morgan (
April 17,
1837 –
March 31,
1913) 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
Rome,
Italy, in 1913 at the age of 75, leaving his fortune and business to his son,
Jack Pierpont Morgan.
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