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J.P. Morgan
Start of Term Paper
“No, sir, the first thing is character. Before money or anything
else. Money cannot buy it… Because a man I do not trust could not get money
from me on all the bonds in Christendom” (Sinclair XIII). With that line,
John Pierpont Morgan ended hi .... Middle of Term Paper
... was
known as the great arbiter, saving several railroads with his successful
reorganizations. In the steel industry, Morgan combined many holdings into
one of the successful ventures of the time. In his lifetime, J.P. Morgan
was certainly a captain of industry who saved the American financial system
and numerous companies while overseeing one of the biggest ventures of the
time.
During his career, Morgan bailed out America's financial system
several times. When Congress adjourned in 1877 without appropriating money
to pay soldiers. Morgan came up with the $550,000-a-month payroll and set
up a disbursement system (Gross 64). In 1895 when ... |
| Number of Words: 1122 |
Approximate Pages: 5 |
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