Jp Morgan Was The Most Influential Man In The 1800s-Early 1900's

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

Morgan had somehow successfully sold all 250,000 shares of New York Central railroad without driving down the share cost by a penny. This earned him a seat on New York Central Board of Directors. Additionally to his career in railroads he helped in the feud between to the two vast over expanded New York Central and Pennsylvania Railroad, without the end to this feud thousands of Americans would have lost their jobs - as their company would eventually go bankrupt. The end to this freud also saved American business and kept european investment in America thus helping the government, but this would not be the biggest feat Morgan fought for the United

Morgan adopted a vision: to have every home in New York City have electric lights. However, there was one problem there was a new electric giant: Westinghouse and Nikola Tesla. With Edison’s popularity depleting with the invention of the electric chair and Westinghouse and Tesla AC current winning the chance to be featured in Chicago’s World Fair and the Niagara Falls contract - this would be a huge hit for Morgan. Morgan thinking fast bought the majority shares in Edison’s company changing the named to General Electric and used fear and intimidation of a lawsuit to scare Westinghouse in to hanging over the rest of his company. Through this merger he would go to light every house in America rich and poor (though the average American did not get electricity until much later from the elite Americans). Now Morgan had the means to save America and its businesses.
During 1893 America’s business was booming, however, it was doomed. In Wall Street brokers went broke. The American dollar was declining rapidly in value because the U.S. gold reserves were seriously depleted. Morgan formed a syndicate of international investors willing to supply gold in exchange for a favorable rate on bonds. Thus stabilizing the economy and kept thousands of working men, women, and child in their jobs thus giving them the ability