J.P. Morgan “No, sir, the first thing is character. Before money or anything else. Money cannot buy it Because a man I do not trust could not get money from me on all the bonds in Christendom” (Sinclair XIII). With that line, John Pierpont Morgan ended his career in a show-stealing manner. Indeed, J.P. Morgan was a man of character; moreover, he was perhaps the greatest Wall Street banker of the decade. Unlike others who gained fame at a young age, Morgan lived in obscurity until 1895, where at the age of 58, he signed a contract to supply gold to the United States Treasury propelling him into the headlines (Wheeler 3). The mid to late 19th century was a period of expansion in the American industry and in big business corporations. Through his leadership, Morgan salvaged America's financial systems several times during his lifetime. In the railroad industry,....

Number Of Pages: 5

Number Of Words: 1129

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