John Pierpont Morgan was born April 17, 1837 and after working at his fathers firm for a while, trnasfered to a company in New York, and became a member of Duncan, Sherman & Company. A short time after the Civil War, company owner Anthony Drexel died, in 1893, the firm was renamed J. P. Morgan & Company just a short two years later in 1895. John Morgans rise to power occured in many increments, through refinancing and redevolopment of the railroad industries, such as Albany and Susquehanna Railroad (1869), the New York, West Shore & Buffalo Railroads to the New York Central (1885), Philadelphia & Reading Railroads (1886), and the Chesapeake & Ohio Railroads (1888). Becasue of his ability to reorganize and help finicalize many companies, Morgan gains the nick name "Morganization". After the reindustrilization of the entire railroad industry, Morgan moves on to stamp his name in the books of Shipping and Steel. Morgan was at one time figured to own , through all his busisness directories, over 22 Billion Dollars, this was more then the worth of all 22 states west of the Mississippi! Morgan also revcieved his fathers companies after his death.
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