J. P. Morgan Jr.

J. P. Morgan Jr.
Morgan in Manhattan at a Liberty bond parade (October 1917)
Born
John Pierpont Morgan Jr.

(1867-09-07)September 7, 1867
DiedMarch 13, 1943(1943-03-13) (aged 75)
Alma materHarvard College
Occupations
  • Financier
  • banker
  • philanthropist
Spouse
(m. 1890; died 1925)
Children4, including Junius Spencer Morgan III and Henry Sturgis Morgan
Parent
RelativesMorgan family

John Pierpont Morgan Jr. (September 7, 1867 – March 13, 1943) was an American banker, finance executive, and philanthropist.[1] He inherited the family fortune and took over the business interests including J.P. Morgan & Co. after his father J. P. Morgan died in 1913.

After graduating from St. Paul's School and Harvard College, Morgan trained as a finance executive working for his father and grandfather. He became a banking financier, a lending leader, and a director of several companies. He supported New York's Society for the Lying-In Hospital, the Red Cross, the Episcopal Church, and endowed the creation of a rare book and manuscript collection at the Morgan Library.

Morgan brokered a deal that positioned his company as the sole munitions and supplies purchaser during World War I for the British and French governments, bringing his company a 1% commission on $3 billion ($30 million). He was also a banking broker for financing to foreign governments both during and after the war.

  1. ^ J.P. Morgan Jr. Papers: Box #, Folder #. Archives of The Pierpont Morgan Library, New York.

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