J.P. Morgan born on April 17,1837 in Hartford, Connecticut and died on March 31, 1913 in Rome, Italy. He went into banking in 1857, and worked for several banking companies including his father for a while when he started banking. Morgan arranged the merger of Edison General Electric. He also was the leading financier of the Progressive Era, and is also described as Americas greatest banker. Morgan directed the banking coalition that stopped the Panic of 1907. He was also instrumental in the creation of the United States Steel Corporation, International Harvester, and AT&T.
Morgan had several innovative ideas based upon Transportation and Finance. Morgan's banking has made life easier. His innovative ideas include:
- Northern Securities Company
- J.P. Morgan & Co.
- Metropolitan Club
- Anglo American plc
- International Mercantile Marine Co.
- Southern Railway
- Provident Loan Society
Morgan had several traits that helped make him successful. His traits were driven and highly intelligent. One of his most famous quotes is "Go as far as you can see, when you get there, you'll be able to see farther." The most interesting fact is that he was one of the most powerful bankers in his era.