3min chapter

Business Movers cover image

JP Morgan Saves Wall Street | A Family Affair | 1

Business Movers

CHAPTER

The Rise and Fall of John Pierpont Morgan

JP Morgan Chase and Company is the largest investment bank in the United States. The origins of this 21st century titan of finance can be traced back to the middle of the 19th century into one man John Pierpont Morgan a pioneer who helped establish what was a new field at the time Investment banking. His career would bring monumental change to the nascent financial sector and set in motion a series of events That would lead to the creation of the modern American banking system including the Federal Reserve.

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