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J Pierpont Morgan
John Pierpont Morgan Sr. (April 17, 1837 – March 31, 1913) was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age and Progressive Era. As the head of the banking firm that ultimately became known as JPMorgan Chase & Co., he was a driving force behind the wave of industrial consolidations in the United States at the turn of the twentieth century. Over the course of his career on Wall Street, Morgan spearheaded the formation of several prominent multinational corporations including U.S. Steel, International Harvester, and General Electric. He and his partners also held controlling interests in numerous other American businesses including Aetna, Western Union, the Pullman Car Company, and 21 railroads. His grandfather Joseph Morgan was one of the co-founders of Aetna. Through his holdings, Morgan exercised enormous influence over capital markets in the United States. During the Panic of 1907, he organized ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hartford, Connecticut
Hartford is the List of capitals in the United States, capital city of the U.S. state of Connecticut. The city, located in Hartford County, Connecticut, Hartford County, had a population of 121,054 as of the 2020 United States census, 2020 census. Hartford is the most populous city in the Capitol Planning Region, Connecticut, Capitol Planning Region and the core city of the Greater Hartford metropolitan area with 1.17 million residents. Founded in 1635, Hartford is among the oldest cities in the United States. It is home to the country's oldest public art museum (Wadsworth Atheneum), the oldest publicly funded park (Bushnell Park), the oldest continuously published newspaper (the ''Hartford Courant''), the second-oldest secondary school (Hartford Public High School), and the oldest school for deaf children (American School for the Deaf), founded by Thomas Hopkins Gallaudet in 1817. It is the location of the Mark Twain House, in which the author Mark Twain wrote his most famous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pullman Company
The Pullman Company, founded by George Pullman, was a manufacturer of railroad cars in the mid-to-late 19th century through the first half of the 20th century, during the boom of railroads in the United States. Through rapid late-19th century development of mass production and takeover of rivals, the company developed a virtual monopoly on production and ownership of sleeping car, sleeping cars. During a severe economic downturn, the 1894 Pullman Strike by company workers proved to be a transformative moment in American labor history. At the company's peak in the early 20th century, its cars accommodated 26 million people a year, and it in effect operated "the largest hotel in the world". Its production workers initially lived in a planned worker community, known as a company town, named Pullman, Chicago. Pullman developed the sleeping car, which carried his name into the 1980s. Pullman did not just manufacture the cars, it also operated them on most of the railroads in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Corporations
A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Most of the current largest and most influential companies are Public company, publicly traded multinational corporations, including Forbes Global 2000, ''Forbes'' Global 2000 companies. History Colonialism The history of multinational corporations began with the history of colonialism. The first multinational corporations were founded to set up colonial "factories" or port cities. The two main examples were the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Progressive Era
The Progressive Era (1890s–1920s) was a period in the United States characterized by multiple social and political reform efforts. Reformers during this era, known as progressivism in the United States, Progressives, sought to address issues they associated with rapid technological and industrial history of the United States, industrialization, urbanization in the United States, urbanization, immigration to the United States, immigration, and corruption in the United States, political corruption, as well as the concentration of industrial ownership in monopoly, monopolies. Reformers expressed concern about slums, poverty in the United States, poverty, and labor conditions. Multiple overlapping movements pursued social, political, and economic reforms by advocating changes in governance, scientific methods, and professionalism; regulating business; environmental protection, protecting the natural environment; and seeking to improve urban living and working conditions. Corru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gilded Age
In History of the United States, United States history, the Gilded Age is the period from about the late 1870s to the late 1890s, which occurred between the Reconstruction era and the Progressive Era. It was named by 1920s historians after Mark Twain's 1873 novel ''The Gilded Age: A Tale of Today''. Historians saw late 19th-century economic expansion as a time of materialistic excesses marked by widespread political corruption. It was a time of rapid economic growth, especially in the Northern United States, Northern and Western United States, Western United States. As American wages grew much higher than those in Europe, especially for skilled workers, and Industrialisation, industrialization demanded an increasingly skilled labor force, the period saw an influx of millions of European immigrants. The rapid expansion of industrialization led to Real wages, real wage growth of 40% from 1860 to 1890 and spread across the increasing labor force. The average annual wage per indust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street
Wall Street is a street in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway (Manhattan), Broadway in the west and South Street (Manhattan), South Street and the East River in the east with a length of just under 2,000 feet. The term "Wall Street" has become a Metonymy, metonym for the financial markets of the United States as a whole, the Financial services in the United States, American financial services industry, New York–based financial interests, or the Financial District. Anchored by Wall Street, New York has been described as the world's principal fintech and financial center. The street was originally known in Dutch language, Dutch as ''Het Cingel'' ("the Belt") when it was part of New Amsterdam during the 17th century. An actual city wall existed on the street from 1653 to 1699. During the 18th century, the location served as a slave market and Security (finance), securities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Finance
Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to Shareholder value, maximize or increase valuation (finance), shareholder value.SeCorporate Finance: First Principles Aswath Damodaran, New York University's Stern School of Business Correspondingly, corporate finance comprises two main sub-disciplines. Capital budgeting is concerned with the setting of criteria about which value-adding Project#Corporate finance, projects should receive investment funding, and whether to finance that investment with ownership equity, equity or debt capital. Working capital management is the management of the company's monetary funds that deal with the short-term operating balance of current assets and Current liability, cu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anne Morgan (philanthropist)
Anne Tracy Morgan (July 25, 1873 – January 29, 1952) was an American philanthropist who provided relief efforts in aid to France during and after World War I and II. Morgan was educated privately, traveled frequently and grew up amongst the wealth her father, banker J. P. Morgan, had amassed. She was awarded a medal from the National Institute of Social Science in 1915, the same year she published the story ''The American Girl''. In 1932 she became the first American woman appointed a commander of the French Legion of Honor. Early years Anne Tracy Morgan was born on July 25, 1873, at "Cragston" her family's country estate on the Hudson River at Highland Falls, New York, the youngest of four children born to John Pierpont Morgan and his wife, Frances Louisa ( Tracy) Morgan. Career In 1903, she became part owner of the Villa Trianon near Versailles, France, along with decorator and socialite Elsie De Wolfe and theatrical/literary agent Elisabeth Marbury. Morgan was instrument ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morgan Family
The Morgan family is an American family and banking dynasty, which became prominent in the U.S. and throughout the world in the late 19th century and early 20th century. Members of the family amassed an immense fortune over the generations, primarily through the work of Junius Spencer (J. S.) Morgan (1813–1890) and John Pierpont (J. P.) Morgan Sr. (1837–1913). Morgan members dominated the banking industry during their time. J. P. Morgan was the de facto leader of this dynasty, having been the most prominent businessman in America at the turn of the century. He revolutionized numerous industries, including electricity, railroad, and steel. Through his business methods, he was highly successful in asserting his power as one of the most influential businessmen in America. Historians describe the Morgan family along with its web of partners to be part of the large American banking empire known as the House of Morgan. It is difficult to place an exact beginning and end da ... [...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 Morgan Jr. and Sarah "Sally" Spencer 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 priv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Göttingen
The University of Göttingen, officially the Georg August University of Göttingen (, commonly referred to as Georgia Augusta), is a Public university, public research university in the city of Göttingen, Lower Saxony, Germany. Founded in 1734 by George II of Great Britain, George II, King of Great Britain and Electorate of Hanover, Elector of Hanover, it began instruction in 1737 and is recognized as the oldest university in Lower Saxony. Recognized for its historic and traditional significance, the university has affiliations with 47 Nobel Prize winners by its own count. Previously backed by the German Universities Excellence Initiative, the University of Göttingen is a member of the U15 (German Universities), U15 Group of major German research universities, underscoring its strong research profile. It is also a part of prominent international and European academic networks such as Guild of European Research-Intensive Universities, The Guild, the ENLIGHT alliance, and the Hek ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
