John Pierpont Morgan was an American financier and investment banker during the Gilded Age. He was instrumental in forming major corporations such as U.S. Steel, International Harvester, and General Electric and had controlling interests in various businesses, including Aetna, Western Union, Pullman Car Company, and 21 railroads. Adrian Wooldridge characterized Morgan as America's "greatest banker".[1]
Morgan was born on 17 April 1837 in Hartford, Connecticut.[2] He grew up in New York and received an education that focused on math and history, as well as German and French, as his father believed there was great value in those subjects. He later attended high school in Boston, specializing in mathematics. He began working for his father at a young age and attended the University of Gottingen, a German language school.
In October 1861, Morgan married Amelia Sturges in Manhattan, New York.[3] He worked for his father until he was able to take over the family business, leading him to become one of the most influential financiers in the world. He started his own private banking company and bought railroads, becoming one of the world's largest steel distributors.
In 1875, at the age of 38, Morgan was living with his wife Frances and children Louisa, John, Juliet, and Anne in Highland, New York.[4] In 1880, he and his family were living in New York City.[5] In 1910, at the age of 74, he was living with his wife Frances and daughter Anne in Manhattan.[6]
Morgan enjoyed collecting expensive and valuable paintings and gems and was passionate about yacht racing. He was a devout Episcopalian. He died on Monday, March 31, 1913 in Rome, Italy while attending a yacht racing event. He is buried in Cedar Hill Cemetery, Hartford, Connecticut.[7] Upon his death, his artwork collection was donated. He is buried in Cedar Hill Cemetery in Hartford, Connecticut.[8][9]
↑ "Connecticut Births and Christenings, 1649-1906," database, FamilySearch (https://familysearch.org/ark:/61903/1:1:F7QQ-29K : 11 February 2018), John Pierpont Morgan, 17 Apr 1837; citing Hartford, Hartford, Connecticut, United States; FHL microfilm 1,313,828.
↑ "New York, New York City Marriage Records, 1829-1940," database, FamilySearch (https://familysearch.org/ark:/61903/1:1:248M-R83 : 10 February 2018), J. Pierpont Morgan and Amelia Sturges, 17 Oct 1861; citing Marriage, Manhattan, New York, New York, United States, New York City Municipal Archives, New York; FHL microfilm 1,671,674.
↑ "Utah, Obituaries from Utah Newspapers, 1850-2005," database, FamilySearch (https://familysearch.org/ark:/61903/1:1:QVSF-N7CT : 17 March 2018), John Pierpont Morgan, 03 Apr 1913; citing Carbon County News, The University of Utah. J. Willard Marriott Library, Salt Lake City.
Hartford Daily Courant (Hartford, Connecticut) Thursday, October 10, 1861 Page 2. Matrimony Notice. "In New York, Oct. 7th, at the residence of the bride's father, by the Rev. Thomas DeWitt, D.D., J. Pierpont Morgan and Amelia, daughter of Jonathan Sturges, Esq., all of that city."
He "was born at his father's residence, 26 Asyhim Street, Hartford, Connecticut, April 17, 1837 and was baptized in Boston, Massachusetts, by his grandfather. Rev. John Pierpont. He was married October 7, 1861, at the residence of the bride's parents, number 5 East 14th Street, New York City, by the Rev. Thomas De Witt, D.D., Pastor of the Collegiate Reformed Dutch Church, to Amelia Sturges, born July 5, 1835, daughter of Jonathan and Mary Pemberton (Cady) Sturges of New York City."
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J. P. Morgan
"If you have to ask how much it costs, you can't afford it." J. P. Morgan