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J.P. Morgan
Part 1 of Paper
....ause 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 w.... Part 2 of Paper
....a's financial system
several times. When Congress adjourned in 1877 without appropriating money
to pay soldiers. Morgan came up with the $550,000-a-month payroll and set
up a disbursement system (Gross 64). In 1895 when the U.S. gold reserves
fell dangerously low, he signed a contract with President Grover Cleveland
to procure $50 million in gold from Europe in a private-bond sale, saving
the Treasury from distress (Gross 65). In the fall of 1907, the future of
America's financial system again.... |
| Number of words: 1122 - Approximate pages: 5 |
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