1 h 23 min, 17 avr. 1837 ans - JP Morgan
Description:
During the Gilded Age, JP Morgan was known for being one of the richest and most powerful men in American. Following his wealthy father into the banking industry, Morgan became very powerful and successful in many fields. Acknowledging that many of the smaller railroads were failing, he bought them, reorganized them, and consolidated them. By the end of his project, he owned one-sixth of the nation's railroads. He also bought Carnegie Steel Company for $480 million and renamed it US Steel. He is credited for doing many great things for the nation's economic system, such as bailing out Wall Street during the Panic of 1907, but he was also accused of bending the economy to his needs by mud-raking journalists and politicians that believed he had become too powerful. He devoted his last years of life to collecting art. HIs banking company is now called JPMorgan Chase.Ajouté au bande de temps:
Date:
1 h 23 min, 17 avr. 1837 ans
Maintenaint
~ Il y a 188 ans