Jack Morgan, Jr

Business Executive



About

John Pierpont \"Jack\" Morgan, Jr., also referred to as J.P. Morgan Jr. (September 7, 1867 – March 13, 1943 - (aged 75)), was an American banker, finance executive, and philanthropist. Morgan Jr. inherited the family fortune and took over the business interests including J.P. Morgan & Co. after his father J. P. Morgan died. A graduate of St. Paul\'s School and Harvard, he was trained as a finance executive in the business world, having worked for both his father and grandfather, that would serve him well as a banking financier and lending leader, and was a director of several companies. He supported the New York Lying-In Hospital, the Red Cross, the Episcopal Church, and provided an endowment for the creation of a rare books and manuscripts 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. The results produced a one percent commission on $3,000,000,000 or $30,000,000 to the company. Morgan was also a banking broker for financing to foreign governments both during and after the war.<Br> Source: <A Href=\"Https://En.Wikipedia.Org/Wiki/Main_Page\" Target=\"_blank\" Rel=\"Me Nofollow\"> Https://En.Wikipedia.Org/Wiki/Main_Page</A>