it stand for John Pierpont his full name was John Pierpont Morgan
Chat with our AI personalities
JP Morgan Chase Bank first originated in New York City, New York. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.
JP Morgan controlled the industry of corporate finance and industrial consolidation. At the height of his career he was able to stop the Panic of 1907 by directing a banking coalition.
The San Francisco Mint
If you include wealth both directly and indirectly controlled by him, J.P. Morgan wealth peaked at $1.3 billion. Adjusted for inflation, that's is about $28 billion in modern dollars. This is according to Wikipedia, who in turn cites "Carosso (1970) p. 42". Inflation calculation was performed by http://www.westegg.com/inflation/
Garrett A. Morgan's mother was Elizabeth Reed Morgan.