Wall Street's century-old family, how big is the industry, and how many generations of talents have risen?

In the history of world finance, the influence of one family can not be underestimated. We all know that Wall Street is an important financial center in the world, but the real boss of Wall Street is John Pierpont Morgan, and later generations affectionately call him Old Morgan or J.P. Morgan.

The rise of a family is bound to go through the efforts of several generations, and so is the Morgan family. /kloc-At the beginning of the 7th century, there was a gold rush in America. The ancestors of the Morgan family immigrated to the United States and settled in Massachusetts.

After several generations of operation, the Morgan family has finally become an important family on Wall Street, even in the history of American economic development. The founder of "Morgan Empire" is george peabody, and the Morgan family is in his hands, completing the accumulation of original capital.

1835, the United States is experiencing the crisis brought by the "new economic bubble". People rely on bank funds to build railways, highways, canals and other public facilities crazily. With a good reputation, george peabody also got a lot of money from banks, from which he made a lot of money.

The Morgan family, that is, in the hands of george peabody, accumulated a large sum of money. George peabody had no children in his life, and no one inherited his huge industry, so he had to invite young Junius Morgan to join him.

After george peabody retired, junius Morgan took over all the businesses of the Morgan family and changed the company name to junius Morgan. Under the leadership of junius Morgan, the Morgan family's industry is developing more and more vigorously.

The reason why the Morgan family became an important family in American economic history is closely related to the financial oligarch J.P. Morgan. JPMorgan Chase was born in a wealthy family since childhood, and showed great talent in business. He made his first bucket of gold by predicting the price of coffee beans.

During the American Civil War, J.P. Morgan established Morgan Company opposite the new york Stock Exchange. He made a lot of money by obtaining top secret information and adjusting his investment strategy during the civil war.

J.P. Morgan, who issued a lot of national debt during the American Civil War. With JPMorgan Chase's repeated profits, he changed from a nobody to a dazzling commercial star on Wall Street.

At this time, the Morgan family was already a behemoth, and then J.P. Morgan set his sights on the world. He observed the political situation in the European continent and established the influence of the Morgan family in the world by issuing national debt to various countries.

According to public information, as early as the early 20th century, the Morgan family, a financial consortium, occupied 33% of the financial capital in the United States, with a total value of nearly $20 billion! In addition, there are insurance assets of $654.38+$02.5 billion, accounting for 65% of the American insurance industry.

In terms of output, there are 47 directors of Morgan among 35 large American enterprises, including American Steel, General Motors, Koenig Special Copper Company, Texas Gulf Sulfur Company, Continental Oil Company and General Electric Company.

We can see that the penetration of Morgan family has been pervasive, and the penetration of Morgan company on the railway is also well known. In addition to these industries, the Morgan family has invested more in the communication industry.

The Morgan family is a century-old family. As long as there are excellent companies in every era, behind these companies, the shadow of Morgan Consortium can be found more or less. 19 13 the situation of J.P. Morgan, the founder of the Morgan family, is getting worse and worse.

At this time, J.P. Morgan often can't eat, and sometimes even has no appetite. His personal doctor thought that he was tired and suggested that he go out for a trip to adjust his mentality. 191365438+1October 7th, J.P. Morgan sailed for Cairo.

J.P. Morgan had made a will before he left. He said, "Bury me in Hartford, and the funeral will be held in St. George's Church in new york. No speech, and I don't want anyone to mourn for me. I just want to listen to the black singer Henry Barre solo quietly. "

Sure enough, during the trip, J.P. Morgan's physical strength became worse and worse, and he didn't want to die on the way back. After his death, John Pierpont Morgan, the youngest son, inherited all his father's inheritance, and he was also very clever. He inherited his father's business talent.

The Morgan family's industry continued to develop brilliantly in the hands of John Pierpont Morgan, who played a very important role in the New Deal during World War II. Today, the Morgan Consortium still affects the whole world. As long as there is a financial market, there is a shadow of the Morgan family.

The formation of a huge family requires the unremitting efforts of several generations, which is undoubtedly proved by the rise of the Morgan family.