When he died, the flag was flown at half mast on Wall Street to show his respect. He founded the world's first company with a value of 10 billion dollars at the beginning of the 20th century. He was scheduled to take part in the maiden voyage of Titanic, but he cancelled his trip at the last minute. He is the most important gem collector in the United States, with a collection of more than 1000 pieces; He is an important patron of the Metropolitan Museum of Art in New York, Harvard University and other institutions. He is the banker J.P. Morgan.

J.P. Morgan was born in 1837 and is the most outstanding member of the Morgan family. The legendary Morgan surname originated in17th century. After six generations of efforts, Joseph III, the grandfather of J.P. Morgan, squeezed into the financial industry. 1825, Joseph III won people's trust through quick claims. 1829, 15 years old J.S. Morgan and J.P. Morgan's father entered the banking industry as an apprentice. From 65438 to 0864, 50-year-old father J.S. Morgan has become a famous banker in America and Europe.

1890, father J.S. Morgan died, and J.P. Morgan inherited the property. In July of the same year, 14, Sherman Silver Purchase Law was promulgated. The bill aims to deal with the growing dissatisfaction of farmers and miners' interest groups. 1893 panic broke out, and European investors ran on US Treasury bonds and gold. The gold reserves in the national treasury have fallen to dangerous levels. President Cleveland borrowed $65 million from JPMorgan Chase and the Rothschild family to support the gold standard, and successfully persuaded Congress to repeal the Sherman Silver Purchase Act that triggered the crisis.

1893 panic led to the bankruptcy of 500 banks and 15000 enterprises. However, in less than 15, another financial crisis that almost destroyed the American economy broke out. 1907 panic, major banks in new york are on the verge of bankruptcy. In order to prevent the total collapse of Wall Street, JPMorgan Chase paid $30 million to buy shares of Moore and Shirley. The company once mortgaged $6 million worth of shares to Wall Street banks in exchange for loans, but when the banks demanded to repay the loans, they were unable to repay them.

Although JPMorgan Chase saved Wall Street from collapse many times, he was accused by critics as a monopolist. 190 1 year, J.P. Morgan merged several steel companies and established the American steel company. It is believed that this company not only tries to control the steel industry, but also tries to control bridge construction, ships, railway vehicles and tracks, wires and so on. Even the nails are not spared. When asked if he hated competition, J.P. Morgan, who received mixed reviews, replied, "I like a little competition."

As a man of the hour on Wall Street, JPMorgan Chase is not trapped by criticism and accusation. He generously donated many of his collections, including books, movies, paintings, clocks and works of art. His family's wealth benefited many institutions, including the Metropolitan Museum of Art in New York, Harvard University (especially medical school) and so on. 19 13, when J.P. Morgan's body passed through new york, the stock market was closed for two hours. Wall Street paid tribute to him with an honor that only national leaders can enjoy-flying flags at half mast in mourning.