Morgan's detailed history

The ancestors of the Morgan family immigrated to the United States in the New World Gold Rush in the early17th century and settled in Massachusetts.

When he came to John Pierpont Morgan's grandfather joseph morgan's house, he sold his farm in Massachusetts and settled in Hartford.

The Morgan family has continued its business tradition.

Joseph morgan started as a small coffee shop.

He worked hard, saved a little, first invested in a hotel, and then became a shareholder in the steamboat industry and the railway industry.

However, it is his investment in the insurance industry that really shows his true nature as a speculator and adventurer.

Peabody, the founder of Morgan Empire.

morgan family

1835, American businessman George Peabody came to London.

At that time, the United States and even the whole world were experiencing the crisis brought by the "new economic bubble". People rely on loans to build railways, canals and highways crazily. People don't want to "pay" for these new things, just like the Internet.

At this time, Peabody is seeking a loan from a British bank for Maryland, USA.

He is very patriotic.

He entertained a dozen British bankers (it is estimated that Hu Xueyan, a banker in China at the same time, invited people to eat "Hua San"), and he convinced them that Americans were not liars. He also threatened in good faith that "only by continuing to provide new loans to the United States can we ensure that the previous loans can be repaid."

As a result, the arrogant British banker allocated another $8 million in loans to Maryland.

The Englishman said, "Peabody borrowed money on his own face.

"Moreover, in order to reduce the British prejudice against Americans, he resolutely gave up the $60,000 commission that Maryland should pay him.

In a word, we can see Peabody's unusual talent and demeanor.

Peabody is talkative, but plain-looking, and is not very popular with the British.

People never imagined that he was the founder of the noble Morgan consortium.

Later, Morgan's partners were famous for their noble family, beauty and fashion.

Peabody creativity

Peabody was born in Massachusetts, only attended school for a few years, and began to work with his brother in his teens to support his widowed mother and six brothers and sisters.

Poverty in his early years affected his life: he accumulated wealth, worked hard, admired himself, was extremely sensitive to contempt, and was out of tune with the world; Patriotic; I was stingy in the first half of my life, but I have been generous in my later years.

Peabody moved to London on 1837.

A year later, I started a business, but there was only one counter, a safe and several desks.

But with his talent, he quickly entered the business circle composed of excellent bankers.

These people are not only engaged in the fabric business, but also provide financing for those who do this business.

In fact, their company has become a commercial bank.

And established a financial wholesale business, rather than the "mediocre business" of ordinary bank savings and transfers.

At this time, "it is impossible for ordinary people to deal with Peabody", because Peabody only serves * * *, big companies and rich people in various countries. They provide funds for world trade and issue bonds and stocks.

Do good without restraint

Peabody set up a company in London and planted the American flag in a foreign country.

He flaunted the style of his country and held high the Stars and Stripes to promote American products.

He declared that Peabody was "the first company in America" and he kept sending money to America. He decorated it with beautiful American magazines, created an American atmosphere and became the news center of the United States.

Behind his patriotism, he didn't want the British to underestimate himself, but he also showed his inferiority.

And "his kindness in his later years is as extravagant as his greed in his early years."

As early as 1857, Peabody began to fund a Peabody college in Baltimore. 1862, he began to transfer 6.5438+0.5 million pounds into a trust fund for the construction of poor housing projects in London, and also made a deed to transfer his 5,000 shares in another company to maintain the operation of this residential area.

To this end, he won the title of "Honorary Citizen of London".

At the last stage of his life, his charity reached an alarming level: he donated a history museum to Yale University; Donate a museum of archaeology and human culture to Harvard University; Establish an education fund for the liberated blacks in the south.

Hugo wrote: "In this world, there are people full of hatred and people full of love. Peabody belongs to the latter. It is in such people's faces that we see God's smile.

"This is the highest praise for george peabody, the founder of Morgan Consortium!

Company name change

And our J.P. Morgan.

His father junius is from New England.

Junis Morgan

In 1950s, junius was employed by george peabody.

Their business is booming, and they have successfully introduced a lot of British hot money into the United States, which is extremely short of funds.

Junius is determined to pass on his goods to his children.

He sternly asked his son pierpont to take over the family business, helped him choose courses to study in Switzerland and Germany, and arranged for him to be an apprentice on Wall Street. Moreover, large and small events may be the reason why he taught Morgan.

George peabody was childless all his life, and his huge industry was not inherited. He took great pains for this and finally decided to invite Morgan, a young junior, to join him.

After george peabody retired, junius Morgan took over all the business and renamed the company junius S. Manand Company.