Trading Houses & Industrial Giants · Chartered companies & banks
J.P. Morgan & the House of Morgan
Pierpont Morgan reorganized America's railroads, built U.S. Steel, rescued the Treasury in 1895 and Wall Street in 1907, so dominant that his power helped create the Federal Reserve and later Glass–Steagall split his firm in two.
Step 1 of 6 · Overview35 min read ·
Key idea
Prereqs: The Rothschilds; Railway mania. Next: Carnegie Steel & U.S. Steel. Sources: Ron Chernow's *The House of Morgan*, Jean Strouse's *Morgan: American Financier*.Next: 1. Building the house