John Pierpont (J.P.) Morgan


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.

BREAKING DOWN '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.

  1. Conglomerate

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

    Monopolization techniques used by J.P. Morgan in the nineteenth ...
  4. Philanthropy

    Charitable giving to human causes on a large scale. Philanthropy ...
  5. Merger

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

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