J. P. Morgan Jr., American banker and philanthropist (d. 1943)
John Pierpont "Jack" Morgan Jr. (September 7, 1867 – March 13, 1943) was an American banker, finance executive, and philanthropist. 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.
1867Sep, 7
J. P. Morgan Jr.
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Events on 1867
- 29Mar
British North America Act
Queen Victoria gives Royal Assent to the British North America Act which establishes the Dominion of Canada on July 1. - 1Apr
Crown colony
Singapore becomes a British crown colony. - 15May
Imperial Bank of Canada
Canadian Bank of Commerce opens for business in Toronto. The bank would later merge with Imperial Bank of Canada to become what is CIBC in 1961. - 3Nov
Battle of Mentana
Giuseppe Garibaldi and his followers are defeated in the Battle of Mentana and fail to end the Pope's Temporal power in Rome (it would be achieved three years later). - 9Nov
Meiji Restoration
Tokugawa shogunate hands power back to the Emperor of Japan, starting the Meiji Restoration.