History of the United States II / Unit 3 USH2 0319 short lesson, about 20 seconds
J. P. Morgan
Captions available
The idea
J. Pierpont Morgan, the son of a London banker, moved to New York in eighteen fifty-seven and founded J. Pierpont Morgan and Company.
In practice
Morgan taking seats on the boards of the companies he financed.
Where people slip
Congressional investigators called his web of influence a money trust. His power came from finance, not from making a product.
Your place on the trail
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