The Morgan family is certainly stronger than the Musk family
How strong is the Morgan family, the card God group first cited two companies, JPMorgan Chase, General Electric Company, the two companies respectively for the world's 500 brand value of the 9th and 10th, and the two companies underneath the inclusion of many companies, the former JPMorgan, one of the largest U.S. banking companies, controlling trillions of dollars in assets, controlling one of several pivots on Wall Street, affecting the global economy. JPMorgan Chase, one of the largest banking companies in the United States, controls trillions of dollars in assets and one of the several hubs on Wall Street, influencing the global economy. General Electric Company, the world's largest diversified service company, from building airplanes and arms, to medical equipment, to a variety of electrical equipment can be said to be all-inclusive, nothing bag, if the country analogous to a car, then the General is a horsepower engine, so that the country's economy in peacetime undefeated, the war period crushed everything. During World War II, it was claimed that a U.S. Army jeep could be produced in 16 minutes by GM's hand.
J-P Morgan, founder of the J-Morgan Group, and his father, J-S Morgan, J-P Morgan, are business giants with Rockefeller, Carnegie, and their contemporaries (and the story between them is intriguing). We know that Rockefeller was the oil king and Carnegie was the steel king, so what should J.P. Morgan be considered. Business economy is divided into financial and industrial, and Rockefeller and Carnegie is different, J. P. Morgan itself is a rich third generation, his father, grandfather are rich, so people have long won a big cut in the starting line, more hateful is that people are a vision, ideas, and bold rich third generation is a rare century of speculation in a good seedling, today selling coffee, tomorrow selling a Guns, the day after tomorrow to sell gold. Earn a pot full of money, young life is like hanging, simply can be angry at the majority of losers, after all, RMB players are really not comparable.
But there is a person have to mention, it is this person will be the Morgan family into the financial industry, this person is not surnamed Morgan, Morgan's dad J-S Morgan is also good luck, but more importantly is the person's ability to stand out, was the famous London banker George Peabody looked at the company in 1854 into the Peabody, to become a partner, ten years after the retirement of Peabody, J-S Morgan became the the firm's successor, changing Peabody's firm to his own name.
In 1857 J. S. Morgan entered the London branch of Peabody Morgan & Co. and it is said that 'a tiger is fought by a brother, and a father by a son'. Morgan father and son on this joint debut, and then J. S. Morgan in 1958 to join Peabody's agent in the United States Duncan Sherman Company. Father and son, one in Europe, one in the United States, the pearl began the Morgan family's dream of wealth.
Talking about Morgan's history of wealth, we have to mention two words 'war'. Big hair national wealth. The United States Civil War period, when the price of gold by the impact of the war has a great deal of fluctuation, Morgan used in the United States and from his father in Europe where the intelligence, ruthlessly earned a sum of money, which is also the first bucket of gold in the true sense of the word, have to agree that Morgan more than twenty years old has been a remarkable investment ability. And his father J S Morgan through the agent of the Franco-Prussian war in the French war state securities, gained to the benefit is the second, through this agent Morgan began to fame, Morgan family by the international recognition, Morgan family on this on the international stage of history.
The American Civil War
The American Civil War was won by the North, and the significance of the victory lies in the fact that the emerging capitalism represented by the North defeated the plantation owners represented by the South, which cleared the obstacles for the development of capitalism in the United States. Railroads, steel, oil and other industries began to spurt development, but also for the future of the United States Rockefeller, Morgan and other consortia to lay the foundation.
1890 is a watershed, J-S Morgan died, J-P Morgan through the hands of the funds earlier layout of the United States of America's large and small industrial companies. 1892, he will be Edison General Electric Company (that is, the invention of the king of Edison's company, but unfortunately he was later kicked by Morgan, but at least it is a founder of the company) and the Thomson Houston company merged into the General Electric Company. General Electric. After funding the establishment of the Federal Steel Company, he spent $450 million to acquire the Carnegie Steel Company ($450 million is not small money now, let alone at that time, also succeeded in causing a sensation, I have to say that the money is capricious), and merged a few other companies, in 1901, formed the U.S. Steel Corporation, became the world's first billion-dollar company, known as the super invincible! Giant, successfully monopolized the U.S. steel. And Morgan likewise controlled the United States of America large and small railroads, and his partners in all walks of life have varying degrees of investment (the Titanic is his family, a fluke that year he did not board the ship at the critical moment). In that era J-P Morgan and Rockefeller, Carnegie called the three fathers of American business.