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Chase Manhattan Bank: JP Morgan

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1895 J. Pierpont Morgan consolidates his family private banking interest after assuming the role of senior partner, consolidating the four firms in New York, Philadelphia, London and Paris. The new firm is renamed J.P. Morgan & Co.
1901 JP Morgan & Co. buys out industrialist Andrew Carnegie, combining approximately 33 companies to create United States Steele, making it the world’s first billion-dollar corporation.
1904 JP Morgan & Co. is appointed fiscal agent for the newly independent Republic of Panama. The U.S. Treasury Secretary arranges the transfer of $40 million for the construction of the Panama Canal. (JPMorgan Chase & Co.)
1913 JP Morgan, Sr. dies, NYSE closed was closed for business until noon that day. JP Morgan Jr. is appointed as …show more content…

1958 Chase Manhattan is the first New York City bank to offer its customers a retail charge card.
1960 The design firm of Chermayeff & Geismar is selected to design a contemporary new logo for the Chase Manhattan Bank. The octagon is one of the abstract corporate logos, still in use today. (JPMorgan Chase & Co.)
1961-1991 numerous regional banks merge setting the stage for JP Morgan’s partnership with Chase Manhattan
2000 Chase Manhattan purchases JP Morgan & Co, combining four of the largest and oldest banking center institutions in New York; it is named JPMorgan Chase & Co.
2004 JP Morgan Chase & Co merges with Bank One increasing its presents in the U.S. by 17%.
2008 JP Morgan Chase & Co acquires Bear Stearns and Washington Mutual
Industry Organization Operates in
The industry that JP Morgan Chase & Co operates in is the Banking and financial services Industry of Major Banks. Within this industry the types of services that the organization provides are Investment Banking, Markets and Investor Services, Treasury Services, Asset Management, Private Banking, Merchant Services, Wealth Management and Brokerage and Commercial

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And in 1901, He consolidated all of his companies, including keystone bridge company, and freedom irons into one big company called The United States Iron Company. The company was so large that it set a world record for the most successful enterprise the world ever saw. J.P Morgan heard that Carnegie was going to sell the enterprise for the right amount of money so he took the chance and bought it for 400,000,00.

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It was $25 and $10 to make. J.P. Morgan was the leader of the banking industry. J.P. Morgan created the world’s first billion dollar corporation: U.S. Steel. He also financially rescued the government twice. Morgan loaned the government over $60 million.

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Napoleon of Wall Street J.P. Morgan was the most influential person in mid 1800 - early 1900s. He became the most powerful man in america who was only challenged by Andrew Carnegie and J.D. Rockefeller, together these men are worth 1 trillion dollars in today’s money - that's more than the top 40% combined wealth today. Morgan saved the US government twice - really he saved American business twice. He took the over expanded railroad and made it profitable, took Edison’s D.C. current and Tessa’s A.C. current combining them into General Electric lighting homes across America, bought Andrew Carnegie's steel business making into US Steel hoisting the company profit to 1 billion - for the first time in American history. J. Pierpont Morgan was

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is one of the largest financial institutions in the United States and the world’s largest bank by market capitalization. With a presence in over 100 countries, JP Morgan is truly a world-wide business. From an external standpoint, Chase Bank has a strong brand name that is recognizable across the country which has helped it to attract and retain customers. The company has a diversified business model, which allows it to generate revenue from multiple sources, including investment banking, asset management, retail banking, and commercial banking. Furthermore, Chase Bank’s internal operations offers a variety of products and services, including checking and savings accounts, credit cards, investments, mortgages, and more.

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Morgan has left behind a lasting and commemorated legacy. After his unfortunate death in 1913, the New York Stock Exchange remained closed until noon on the day of his funeral (Byman). Rarely does the Stock Exchange close during a normal schedule, so the closing in commemoration of Morgan is quite memorable. After he saved the U.S. Treasury from crises twice, many feared further crises would ensue, so the Federal Reserve System was spurred into creation (Byman). His company, J.P. Morgan & Company, lives on in the 21st century as J.P. Morgan Chase & Company (Byman).

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These successful businessmen also stole each other's businesses. Rockefeller purchased a steel mine out from under Andrew Carnegie, the leader in steel. John P. Morgan purchased Carnegie's business completely for four hundred eighty million dollars in 1901, changing the name to U.S. Steel. The men who built America used their mass amounts of money to get what they wanted done, done. For

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In 1901 He also merged the Carnegie Steel Company with several other steel and iron businesses to form the United States Steel Corporation -- which became the first billion-dollar corporation in the world. With this monetary success, J.P. Morgan was able to focus on facile aspects of existence: some being book, picture, and other art object collecting. He loaned and gave many of his collected objects to the Metropolitan Museum of Art -- of which he was president and a major force in its establishment. By the turn of the century he had become one of America's most important collectors of gems and had assembled the most important gem

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Rockefeller ultimately controlled most of the production in the United Stated during their prime. Carnegie took over the steel industry while Rockefeller had controlled the majority of the oil industry, by the end of the 19th century America ultimately dominated both aspects. Both businessmen were also very well known for their contributions to philanthropy and ushering in a new age of American economic history. Moreover, the firm J.P. Morgan was considered to be a household name within the banking industry, the firm allowed for Americans to be financially secure and invest their hard earned money in stocks and bonds. Americans increased investing meant more revenue and taxes for the United States, financial security was crucial during this time due to the unforeseen collapse of the stock exchange, after the crash many Americans lost all their money and banks were forced to shut down meaning that they had to start back at square one.

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When Morgan took over the steel company from Carnegie, he eventually made it the first billion-dollar corporation in America ever. During 1907, Wall Street became very dismayed. Morgan helped the United States from going under financially by “mobilizing the city’s bankers in his solemnly ornate library and got them to commit money to rescue

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“Tell me the story of my life as you know it,” I asked my dad knowing that I needed as much as I could get from him. Of course, against my dismay, he started with, “Chase Barclay was born in Houston, Texas on a warm humid day in January 2002.” “I need more information, some really deep stuff,” I said in a rather upset tone since I thought he understood what I was doing with what he said. “Chase 's middle name, Woodrow, is from his grandfather, who was named for President Woodrow Wilson. From the start, we knew Chase was very intelligent.

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Morgan later years he still continued to invest, but he wasn’t nearly involved as he was at his prime. Until he started to invest in the making of the Panama Canal. Before the Panama Canal, ships had to sail all the way around South America, but after it was completed it saved days of sailing and made transporting goods a lot more efficient. He was the middle man between the workers in Panama and the U.S. Government. He never got to see the Panama Canal finish.

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Not only did the government turn to him during economic rough patches, but Carnegie, Rockefeller, and even Vanderbilt had to use money that he controlled in order to create their businesses. He controlled every single dollar and penny on a national scale. He eventually bought out Carnegie Steel, combined it with 7 more businesses, and created the world’s first billion dollar enterprise. The company was simply known as US Steel. morgan cited his two grandfathers as an influence on him.

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Andrew Carnegie whom claimed his own business called the Carnegie Steel Comapany. This was an organization that had extraordinary income, however he was ready to pitch it to Morgan for not as much as what he would have sold to another person. He realized that Morgan could do extraordinary things with it particularly after the effect he had with his dad's business. Carnegie settled his consent to offer the organization and that permitted J.P. to do his homwork on other iron organizations which was gainful and worked together the organizations together and made the U.S. Steel Organization. The U. S. Steel Organization was doing great for Morgan, despite the fact that it didn't achieve the highest point of the pyramid for the piece of the overall industry, he approved of that since he had enabled such a great amount in different organizations, for example, protection and correspondence organizations.

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J.P. Morgan also greatly impacted investment through his firms and banks. According to “John Pierpont Morgan”, “John Pierpont Morgan (1837-1913) was probably the most important and powerful business investment banker in U.S. history.” J.P. Morgan, at age 23, he founded his own company J. Pierpont Morgan and Co. (John Pierpont Morgan). After consolidating many railroads, he began to gain respect in the banking community which led him to even more business ventures (John Pierpont Morgan). In the coming years after the founding of J. Pierpont Morgan and Co. he invested in General Electric and would make the largest deal of his life which was the creation of the world’s largest steel company (John Pierpont Morgan).

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Morgan’s banking firm built the structure of the most prominent American industries in the Gilded Age beginning with the railroad. During Morgan’s dominant years the American economy grew immensely. Through his funding and investments, companies could thrive during the golden years of the American

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