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In 1902, the Justice Department charged Northern Securities with violating the Sherman Antitrust Act of 1890. p. 2. ISBN 9780137084371. Morgan did not lose money on the project, but his all-powerful political reputation suffered.[22]

Treasury gold[edit source]

The Federal Treasury was nearly out of gold in 1895, at the depths of the Panic of 1893.

Berkley. ISBN 978-0593101537.

  • ^ “Citizen Kane (1941)”. May 29, 1880. A protracted legal battle was settled when the Supreme Court ruled in favor of the government in 1904.

    Regardless, Morgan continued to exert his authority in both industries and in government.

    Perennial. After graduating from high school in Boston in 1854, Pierpont, as he was known, studied in Europe, where he learned French and German, then returned to New York in 1857 to begin his finance career.

    • Did you know?

    "Jingle Bells" was written by James L. Pierpont, the uncle of famed financier J.P.

    Morgan. Retrieved August 20, 2014.

  • ^ J. Morgan controlled U.S. Steel and he decided it had to buy the TCI stock from Moore and Schley. Morgan”. Encyclopædia Britannica. To commemorate his passing, the New York Stock Exchange remained closed until noon on the day of his funeral.

    Morgan's astounding success transformed the financial industry and left behind a powerful legacy.

    Charles J. Osborn was Jay Gould‘s private banker. He then reassured a skeptical President Grover Cleveland by citing an obscure 1862 statute that gave the Secretary of the Treasury the power to pull off such a transaction without congressional approval. Analysis of financial records shows that IMMC was over-leveraged and suffered from inadequate cash flow causing it to default on bond interest payments.

    He fought speculators interested only in profit and built a vision of an integrated transportation system. It is the loss of life that counts. Steel’s goals were to achieve greater economies of scale, reduce transportation and resource costs, expand product lines, and improve distribution[26] to allow the United States to compete globally with the United Kingdom and Germany.

    jp morgan biography wikipedia wikipedia

    Urbana: University of Illinois Press. 796 pp. excerpt and text search

  • Wheeler, George, Pierpont Morgan and Friends: the Anatomy of a Myth, Englewood Cliffs, N.J., Prentice-Hall, 1973. ISBN 0136761488

    • Specialized studies[edit source]

    • Brandeis, Louis D. Other People’s Money and How the Bankers Use It.