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J.P. Morgan was an influential banker and entrepreneur who founded JP Morgan & Co. and helped expand the banking industry in America by financing many important companies.
JP Morgan is an American banker, entrepreneur and philanthropist. He is well-known for having founded the J.P. Morgan & Co. financial company in 1871. Morgan is also remembered for his substantial contributions to the U.S. financial sector, as well as his philanthropy and the establishment of numerous educational institutions such as the JP Morgan Chase Institute.
<div class='timeline-item'><div class='timeline-left'><div class='timeline-date'>1837</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>JP Morgan is Born</div><div class='timeline-text'>On April 17, 1837, JP Morgan was born in Hartford, Connecticut. </div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date'>1857</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Founder of J.P. Morgan & Co.</div><div class='timeline-text'>Founds the banking firm J.P. Morgan & Co., which will eventually become one of the world's most powerful financial institutions.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date'>1901</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Creates US Steel Corporation</div><div class='timeline-text'>Organizes and finances the creation of the United States Steel Corporation, making it the largest business enterprise in the world at the time.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date'>1907</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Saves US Economy From Panic</div><div class='timeline-text'>Leads a group of bankers to provide emergency financing to avert a financial panic.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date'>1913</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Death of JP Morgan</div><div class='timeline-text'>JP Morgan dies on March 31, 1913 at his home in New York City.</div></div></div><div class='timeline-item'><div class='timeline-left'><div class='timeline-date'>1913</div></div><div class='timeline-center'></div><div class='timeline-right'><div class='timeline-text timeline-text-title'>Charter for Federal Reserve Issued</div><div class='timeline-text'>The Federal Reserve System is created after Congress passes the Federal Reserve Act, with JP Morgan playing a key role in its formation.</div></div></div>
<div id='' class='facts-item'><div id='' class='facts-heading'><h3 id='' class='facts-number'>1.</h3></div><div id='' class='facts-text-wrapper'><h3 class='facts-title'>Founded J.P. Morgan & Co</h3><p class='facts-text'>J.P. Morgan founded the banking firm J.P. Morgan & Co. in 1871, which is now known as JPMorgan Chase & Co.</p></div></div><div id='' class='facts-item'><div id='' class='facts-heading'><h3 id='' class='facts-number'>2.</h3></div><div id='' class='facts-text-wrapper'><h3 class='facts-title'>Financed US Steel</h3><p class='facts-text'>J.P. Morgan financed the creation of US Steel in 1901, making it the world’s first billion-dollar corporation.</p></div></div><div id='' class='facts-item'><div id='' class='facts-heading'><h3 id='' class='facts-number'>3.</h3></div><div id='' class='facts-text-wrapper'><h3 class='facts-title'>Saved the U.S. Treasury</h3><p class='facts-text'>In 1895, J.P. Morgan saved the U.S. Treasury from bankruptcy by organizing a syndicate to purchase $65 million of government bonds.</p></div></div><div id='' class='facts-item'><div id='' class='facts-heading'><h3 id='' class='facts-number'>4.</h3></div><div id='' class='facts-text-wrapper'><h3 class='facts-title'>Established Carnegie Hall</h3><p class='facts-text'>JP Morgan provided the funds for the construction of Carnegie Hall in New York City in 1890.</p></div></div><div id='' class='facts-item'><div id='' class='facts-heading'><h3 id='' class='facts-number'>5.</h3></div><div id='' class='facts-text-wrapper'><h3 class='facts-title'>He Was an Art Collector</h3><p class='facts-text'>J.P. Morgan was an avid art collector and owned works by Rembrandt, Rubens, Raphael, and Botticelli.</p></div></div>
JP Morgan was a renowned American entrepreneur, born on April 17, 1837 and died on March 31, 1913 at the age of 75. He is best remembered for his role in the founding of some of the United States' largest companies, such as the banking firm JP Morgan & Co. and the US Steel Corporation. He is also credited with helping to stabilize the US economy during the Panic of 1907.
