John Pierpont (J.P.) Morgan

AAA

DEFINITION of 'John Pierpont (J.P.) Morgan'

A financier, philanthropist and one of the fathers of corporate finance in the United States. John Pierpont Morgan started his career in 1857 at his father's bank, J.S. Morgan & Co., taking it over in 1890 after his father's death. He died on March 31, 1913 in Rome as one of the richest men in the world.

INVESTOPEDIA EXPLAINS 'John Pierpont (J.P.) Morgan'

A leader in corporate finance, J.P. Morgan was famous for mergers, such as bringing Edison General Electric and Thompson-Houston Electric Company together to form the company General Electric. He also formed the first billion-dollar company in the world, United States Steel Corporation.

RELATED TERMS
  1. Jamie Dimon

    The chairman, CEO and former president of JPMorgan Chase & ...
  2. Morganization

    Monopolization techniques used by J.P. Morgan in the nineteenth ...
  3. Conglomerate

    A corporation that is made up of a number of different, seemingly ...
  4. Corporate Finance

    1) The financial activities related to running a corporation. ...
  5. Merger

    The combining of two or more companies, generally by offering ...
  6. Philanthropy

    Charitable giving to human causes on a large scale. Philanthropy ...
Related Articles
  1. The Evolution Of Banking
    Credit & Loans

    The Evolution Of Banking

  2. An Exploration Of The Development Of ...
    Economics

    An Exploration Of The Development Of ...

  3. The Stock Market: A Look Back
    Economics

    The Stock Market: A Look Back

  4. The Kingpin Of Wall Street: J.P. Morgan ...
    Options & Futures

    The Kingpin Of Wall Street: J.P. Morgan ...

Hot Definitions
  1. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  2. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  3. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  4. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  5. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  6. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
Trading Center