J.P. Morgan the Financial Titan

Oct 22, 20222 min read

JP Morgan may be known for being one of the most powerful bankers ever. But his impact has been everlasting.

James Pierpont Morgan founded private banks and financed major industries during a pivotal time of economic expansion in America. As an avid investor and entrepreneur he financed railroads, steel, and agricultural equipment. His contributions to many burgeoning industries such as railroads stimulated other industries like iron and steel production. The advancement during the railroad boom in America helped the transportation industry make its mark on travel for every citizen today. Following his tremendous influence on the railroad industry J.P. Morgan made major consolidations to form General Electric, United States Steel, and International Harvester (Navistar International) which still stand to this day.

Legacy

James was a humble leader who cared deeply about his profession. He emphasized the importance of character in banking and spoke avidly on the moral duties banks must have in society. He wasn’t focused on the material but positive influences to make the lives of every citizen better. Leadership was always on display with his continual resolve to improve given any opportunity.

Remnants can be found of his legacy as the company, JP Morgan Chase, embraces the qualities of its founder. They developed a program to influence young business leaders to learn from failure, take risks, and adapt to change, while conducting business with integrity and responsibility.

Want to learn more about the Financial Sector and the impact J.P. Morgan had on our economy click on the links below:

-J.P. Morgan: Impact and Significance

-Books: The House of Morgan and Gentleman Bankers

-J.P. Morgan’s Impact Today: General Electric, U.S. Steel, Navistar International