News — SusanBerfield RSS



How a Dangerous, Exploitative Railroad Industry Created J.P

Morgan’s Fortune Before the Jupiter of Roman myth could become king of the sky and thunder, he had to overthrow his father in a mighty battle. Not so for the Jupiter of Wall Street. J.P. Morgan had trusted his father to set him on the right path and steer his career, and even when his father was overbearing, Morgan never mounted a challenge. The creator of the biggest companies the world had ever known was, himself, very much the creation of paternal influence. The young Morgan, once established, proved instinctively suited to the times in which he lived. It was an era of raucous, unfettered competition: chaotic capitalism that he would try to order. John Pierpont Morgan was born in...

Continue reading