John Pierpont MORGAN died
31 March 1913
in Rome, Italy.
son of Junius Spencer Morgan and Juliet Pierpont
m. Amelia Sturges (m. 1861; died 1862) Frances Louise Tracy (m. 1865)
photo/ portrait (above) from wikipedia.org
Details of the family tree of John appear below.
WORK & OCCUPATION
Occupation
Recorded occupation:Financier, investment banker, accountant, art collector - founder of J. P. Morgan & Co, International Mercantile Marine, co-founder of General Electric, International Harvester, U.S. Steel
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Postcards and Memories of Hartford, Connecticut, USA
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Birth — 1837 17 April 1837 Hartford, Connecticut, USA
1901 - February 25 – U.S. Steel is incorporated by industrialist J. P. Morgan as the first billion-dollar corporation.
U.S. Steel, founded on February 25, 1901, was a major milestone in American corporate history. It was the creation of financier J.P. Morgan, who orchestrated the merger of several steel manufacturers to form the first billion-dollar company in the world. The company was formed at a time when the U.S. steel industry was booming, driven by the growing demand for steel in infrastructure, railways, and industrial development.
The consolidation of steel companies into U.S. Steel was significant for several reasons. It marked a new era of industrial consolidation and the rise of big business in the United States. U.S. Steel became a dominant force in the industry, controlling a large portion of the country's steel production.
The company's formation also had broader economic implications. It signaled the increasing concentration of economic power in the hands of a few large corporations, a trend that would become a defining feature of the American economy in the early 20th century.
Death — 1913 31 March 1913 Rome, Italy He died at the age of 76.
The Morgan Memorial
"Around 1900, J. Pierpont Morgan, a native of Hartford, was encouraged by his cousin, Rev. Francis Goodwin, to acquire land adjacent to the Wadsworth Atheneum for the museum to use in a future expansion. Goodwin was then the president of the Atheneum. In 1910, Morgan presented the Morgan Memorial Wing in honor of his father. It was designed by the firm of LaFarge and Morris." historicbuildingsct.com
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