I need a brief biography of JP Morgan's life and times. I also need to discuss the contributions to economic thinking made by him, and also demonstrate how that person's life and times influenced his or her contributions.© BrainMass Inc. brainmass.com August 18, 2018, 8:23 am ad1c9bdddf
economic thinker paper help
I need a brief biography of JP Morgan's life and times. I also need to discuss the contributions to economic thinking made by him, and also demonstrate how that person's life and times influenced his or her contributions.
J P Morgan was born in April 16, 1837. He is one of the best known American financier and banker. His training in banking began in the banking house of Duncan, Sherman & Company. Then he worked in his father's firm J. Peirpont Morgan & company and acted as a New York agent. During the American civil war he financed the purchase of old rifles from the army at rock bottom prices, his partner machined these rifles and sold them back to the army. This led to a scandal. He is also known for his love for art and philanthropy. . J P Morgan masterminded the merger of Edison General Electric and Thompson-Houston Electric Company and formed the General Electric Company. He also masterminded the merger of the Federal Steel Company and the Carnegie Steel Company and formed the United States Steel Corporation in 1901. There were several other steel companies that were merged in this corporation. As he was a great lover of art, he left his art collection to the Wadsworth Athenaeum of Hartford and the Museum of Art in New York City. He died on March 31st, 1913. ...
JP Morgan's contribution to economic thinking is specified.