J.P. Morgan

Background

• the most influencial banker of all time
• he symbolized to many people to power and arrogance of "finance capitalism"
• he was so big, he was nicknamed "Jupiter"
• he established an inviable reputation for integrity
• he didn't believe that "money power" was dangerous, unless it was in the wrong hands

How he made his millions

• Morgan was a financier, banker, and an art collector
• He was born into a wealthy family, but didn't want to enjoy his family's riches, so he created his own success
• He formed small companies, and invested in railroads as well

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