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J. P. Morgan Jr.
American banker (1867–1943) / From Wikipedia, the free encyclopedia
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John Pierpont Morgan Jr. (September 7, 1867 – March 13, 1943) was an American banker, finance executive, and philanthropist.[1] He inherited the family fortune and took over the business interests including J.P. Morgan & Co. after his father J. P. Morgan died in 1913.
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![]() J.P. Morgan Jr. in 1913. | |
Born | John Pierpont Morgan Jr. (1867-09-07)September 7, 1867 Irvington, New York, U.S. |
Died | March 13, 1943(1943-03-13) (aged 75) Boca Grande, Florida, U.S. |
Alma mater | Harvard College |
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Children | 4, including Junius Spencer Morgan III and Henry Sturgis Morgan |
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Relatives | Morgan family |
After graduating from St. Paul's School and Harvard College, Morgan trained as a finance executive working for his father and grandfather. He became a banking financier, a lending leader, and a director of several companies. He supported New York's Society for the Lying-In Hospital, the Red Cross, the Episcopal Church, and endowed the creation of a rare book and manuscript collection at the Morgan Library.
Morgan brokered a deal that positioned his company as the sole munitions and supplies purchaser during World War I for the British and French governments, bringing his company a 1% commission on $3 billion ($30 million). He was also a banking broker for financing to foreign governments both during and after the war.