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J.P. Morgan, Jr.
John Pierpont Morgan Jr. (September 7, 1867 – March 13, 1943) was an American banker, finance executive, and philanthropist. He inherited the family fortune and took over the business interests including J.P. Morgan & Co. after his father J. P. Morgan died in 1913. After graduating from St. Paul's School and Harvard College, Morgan trained as a finance executive working for his father and grandfather. He became a banking financier, a lending leader, and a director of several companies. He supported New York's Society for the Lying-In Hospital, the Red Cross, the Episcopal Church, and endowed the creation of a rare book and manuscript collection at the Morgan Library. Morgan brokered a deal that positioned his company as the sole munitions and supplies purchaser during World War I for the British and French governments, bringing his company a 1% commission on $3 billion ($30 million). He was also a banking broker for financing to foreign governments both during and after t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberty Bond
A liberty bond (or liberty loan) was a war bond that was sold in the United States to support the Allied cause in World War I. Subscribing to the bonds became a symbol of patriotic duty in the United States and introduced the idea of financial securities to many citizens for the first time. Liberty Bond Issues 1917–1918 There were four issues of Liberty Bonds: * April 24, 1917: Emergency Loan Act () authorizes issue of $1.9 billion in bonds at 3.5 percent. * October 1, 1917: Second Liberty Loan offers $3.8 billion in bonds at 4 percent * April 5, 1918: Third Liberty Loan offers $4.1 billion in bonds at 4.15 percent. * September 28, 1918: Fourth Liberty Loan offers $6.9 billion in bonds at 4.25 percent. Interest on up to $30,000 in the bonds was tax exempt only for the First Liberty Bond. First Liberty Bond Act The Second Liberty Loan Act established a $5 billion aggregate limit on the amount of government bonds issued at 30 years at 3.5% interest, redeemable by the go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Junius Spencer Morgan
Junius Spencer Morgan I (April 14, 1813 – April 8, 1890) was an American banker and financier, as well as the father of John Pierpont "J.P." Morgan and patriarch to the Morgan banking house. In 1864, he established J. S. Morgan & Co. in London as the successor to George Peabody & Co., of which he was junior partner. With his son's aid, Morgan grew his banking house into a trans-Atlantic financial empire that included firms in London, New York City, Philadelphia, and Paris. By the time of his death in 1890, the Morgan banks were dominant forces in government and railroad finance, and his was the pre-eminent American banking house. Early life Morgan was born on April 14, 1813, in Holyoke, Massachusetts to Joseph and Sarah Morgan. At the age of 13, he was enrolled at the American Literary, Scientific, and Military Academy (now Norwich University) in Middletown, Connecticut near the home of his mother's parents. After a year, he transferred to a private academy in East Windso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Long Island
Long Island is a densely populated island in the southeastern region of the U.S. state of New York, part of the New York metropolitan area. With over 8 million people, Long Island is the most populous island in the United States and the 18th-most populous in the world. The island begins at New York Harbor approximately east of Manhattan Island and extends eastward about into the Atlantic Ocean and 23 miles wide at its most distant points. The island comprises four counties: Kings and Queens counties (the New York City boroughs of Brooklyn and Queens, respectively) and Nassau County share the western third of the island, while Suffolk County occupies the eastern two thirds of the island. More than half of New York City's residents (58.4%) lived on Long Island as of 2020, in Brooklyn and in Queens. Culturally, many people in the New York metropolitan area colloquially use the term "Long Island" (or "the Island") to refer exclusively to Nassau and Suffolk counties, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eric Muenter
Eric Muenter (March 25, 1871 – July 6, 1915), also known as Erich Münter, Erich Muenter, Erich Holt or Frank Holt, was a German-American activist and would-be assassin. Although employed as a German professor at elite American universities, he was actually a spy and a "fanatic in the clandestine service of the Imperial German government." While an instructor at Harvard University, he poisoned and killed his pregnant wife. He appeared again as Cornell University professor Frank Holt who contacted the German spy network which undertook to sabotage US aid to the war in Europe against Germany. In 1915, he planted a bomb which exploded in the US Capitol, shot Jack Morgan, son of financier J. P. Morgan in his home, and predicted the bombing of a steamship bound for England before committing suicide while in police custody. His activities, and those of other Germans, were played up by the press as "Hun barbarity"; anti-German feelings rose in the years as America eventual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Bank Of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the State of New York, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands. Located at 33 Liberty Street in Lower Manhattan, it is by far the largest (by assets), the most active (by volume), and the most influential of the Reserve Banks. The Federal Reserve Bank of New York is solely responsible for implementing monetary policy on behalf of the Federal Open Market Committee and acts as the market agent of the entire Federal Reserve System (as it houses the Open Market Trading Desk and manages System Open Market Account). It is also the sole fiscal agent of the U.S. Department of the Treasury, the bearer of the Treasury's General Account, and the custodian of the world's largest gold storage reserve. Aside from these distin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Gibbs McAdoo
William Gibbs McAdoo Jr.McAdoo is variously differentiated from family members of the same name: * Dr. William Gibbs McAdoo (1820–1894) – sometimes called "I" or "Senior" * William Gibbs McAdoo (1863–1941) – sometimes called "II" or "Junior" * Lt. William Gibbs McAdoo Jr. (1895–1960) – sometimes called "III" (October 31, 1863 – February 1, 1941) was an American lawyer and statesman. McAdoo was a leader of the Progressive movement and played a major role in the administration of his father-in-law President Woodrow Wilson. A member of the Democratic Party, he also represented California in the United States Senate. Born in Marietta, Georgia, McAdoo moved to Knoxville, Tennessee in his youth and graduated from the University of Tennessee. He established a legal practice in Chattanooga, Tennessee before moving to New York City in 1892. He gained fame as the president of the Hudson and Manhattan Railroad Company and served as the vice chairman of the Democratic Nati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Treasury Secretary
The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is a statutory member of the Cabinet of the United States, and is fifth in the United States presidential line of succession, presidential line of succession. Under the Appointments Clause of the United States Constitution, the officeholder is nominated by the president of the United States, and, following a confirmation hearing before the United States Senate Committee on Finance, Senate Committee on Finance, is confirmed by the United States Senate. The United States Secretary of State, secretary of state, the secretary of the treasury, the United States Secretary of Defense, secretary of defense, and the United States Att ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allies Of World War I
The Allies of World War I, Entente (alliance), Entente Powers, or Allied Powers were a coalition of countries led by French Third Republic, France, the United Kingdom of Great Britain and Ireland, United Kingdom, Russian Empire, Russia, Kingdom of Italy, Italy, Empire of Japan, Japan, and the United States against the Central Powers of German Empire, Germany, Austria-Hungary, the Ottoman Empire, Kingdom of Bulgaria, Bulgaria, and their colonies during the World War I, First World War (1914–1918). By the end of the first decade of the 20th century, the major European powers were divided between the Triple Entente and the Triple Alliance (1882), Triple Alliance. The Triple Entente was made up of France, Britain, and Russia. The Triple Alliance was originally composed of Germany, Austria–Hungary, and Italy, but Italy remained neutral in 1914. As the war progressed, each coalition added new members. Japan joined the Entente in 1914 and after proclaiming its neutrality at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cecil Spring Rice
Sir Cecil Arthur Spring Rice, (27 February 1859 – 14 February 1918) was a British diplomat who served as British Ambassador to the United States from 1912 to 1918, as which he was responsible for the organisation of British efforts to end American neutrality during the First World War. He was also a close friend of US President Theodore Roosevelt, and served as best man at his second wedding.Roosevelt's Contemporaries: Cecil Spring Rice , Theodore Roosevelt Center (7 April 2014). Retrieved 28 July 2016. He is best known as the writer of the lyrics of the patriotic hymn, " |
Anglo-French Financial Commission
The Anglo-French Financial Commission was a special delegation to the United States from the governments of the United Kingdom and France in 1915 during the First World War. The Commission, led by Lord Reading, secured the single largest loan from private US banks prior to American entry into World War I in 1917. History In February 1915, France, Britain and Russia held the first joint financial conference of the First World War.Kathleen Burk''Britain, America and the Sinews of War, 1914-1918''(G. Allen & Unwin, 1985), p.45. Thereafter, the Allied Powers agreed to cooperate closely in financial matters to help finance the ongoing war with Germany. In September 1915 France and the United Kingdom signed an agreement to establish the Inter-Allied Munitions Bureau, which was to coordinate purchasing in all neutral countries, principally the United States. That same month Lord Reading lead a delegation from the two countries to secure a huge loan from private American banks, the source ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russia
Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eighth of Earth's inhabitable landmass. Russia extends across eleven time zones and shares land boundaries with fourteen countries, more than any other country but China. It is the world's ninth-most populous country and Europe's most populous country, with a population of 146 million people. The country's capital and largest city is Moscow, the largest city entirely within Europe. Saint Petersburg is Russia's cultural centre and second-largest city. Other major urban areas include Novosibirsk, Yekaterinburg, Nizhny Novgorod, and Kazan. The East Slavs emerged as a recognisable group in Europe between the 3rd and 8th centuries CE. Kievan Rus' arose as a state in the 9th century, and in 988, it adopted Orthodox Christianity from t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
