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John Pierpont Morgan Jr, nicknamed Jack, was born on September 7, 1867, in Irvington, New York, to J. P. Morgan and Frances Louisa Tracy. He graduated from St. Paul's School, and later in 1886 from Harvard College, where he was a member of the Delphic Club, formerly known as the Harvard chapter of the Delta Phi.
The plot planned to install retired Major General Smedley Butler as dictator of the United States.. The Business Plot, also called the Wall Street Putsch [1] and the White House Putsch, was a political conspiracy in 1933, in the United States, to overthrow the government of President Franklin D. Roosevelt and install Smedley Butler as dictator.
As a result of the Pecora Commission's findings, the United States Congress passed the Glass–Steagall Banking Act of 1933 to separate commercial and investment banking, the Securities Act of 1933 to set penalties for filing false information about stock offerings, and the Securities Exchange Act of 1934, which formed the SEC, to regulate the ...
In 1957, Fortune magazine developed a list of the seventy-six wealthiest Americans, which was published in many American newspapers. [7] Jean Paul Getty, when asked his reaction to being named wealthiest American and whether he was worth a billion dollars, said, "You know, if you can count your money, you don't have a billion dollars" and then added, "But remember, a billion dollars isn't ...
In addition to his legal work, Davis was also involved in the New York City Bar Association, serving as its president from 1931 to 1933. In 1933, he represented J. P. Morgan Jr. and his companies during a Senate investigation into private banking and the causes of the Great Depression. During the last two decades of his career, Davis ...
Over the next 18 months, the "Nye Committee" (as newspapers called it) held 93 hearings, questioning more than 200 witnesses, including J.P. Morgan Jr. and Pierre du Pont. Committee members found little hard evidence of an active conspiracy among arms makers, yet the panel's reports did little to weaken the popular prejudice against "greedy ...
Like many aspiring bankers of the mid-19th century, young John Pierpont Morgan got into the business of finance with the help of some old-fashioned family connections. From 1857 through 1871,
The second turned out to be the prestigious White Star Line, bought by Morgan's team, after long negotiations, in April 1902. [10] [11] [12] On 1 October 1902, JP Morgan & Co. announced the founding of the International Mercantile Marine Company, more commonly called IMM.