biography
| name: |
Morgan, John Pierpont
|
| |
known as Jack
|
| sex:
| male
|
| lived:
| (1867–1943)
|
| biography:
| Financier and philanthropist, born in Irvington, New York, USA. Shortly after graduating from Harvard he married and became a partner in his father's firm, J P Morgan & Co. In London (1893–1901) he studied banking at his grandfather's firm, J S Morgan & Co. At his father's death (1913), Jack became president and positioned the firm as the sole purchasing agent of more than $3 billion of arms and munitions for the British and French. In 1915 he organized a syndicate of more than 2000 banks to underwrite loans for the Allies. He served on a committee of bankers reviewing the German war reparations (1922) and was on the 1929 Owen D Young reparations conference. His philanthropies included the Red Cross, the Episcopal Church, and the New York Lying-In Hospital. In 1923 he established an endowment to make a permanent museum for the extensive rare books and manuscripts of the Morgan Library. |
|
|
