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J.P. Morgan: ?N Lewe Essay

3918 words - 16 pages

InleidingJohn Pierpont Morgan word onthou as een van die stigters van die moderne Amerikaanse ekonomie. Hy was ?n industriële genie wat geakkrediteer word met die stigting van ?n menigte belangrike maatskappye soos; General Electric en AT&T . Daar word egter gewoonlik in die selfde asem na Morgan as die duiwel en redder van die ekonomie verwys. Hy het dan ook later in sy lewe ?n ere graad van die Harvard Universiteit gekry wat die volgende gelees het: ?Public citizen, patron of literature and art, prince among merchants, who by his skill, wisdom and courage, has twice in times of stress repelled a national danger of financial panic.? Robert La Follette, van die Wisconsin ...view middle of the document...

Junius is toe genooi om by die firma van George Peabody & Co. aan te sluit. In 1964 het Junius dan ook die firma oorgeneem en die naam verander na J.S. Morgan & Co.John Pierpont Morgan is gebore in Hatford op die 7de April, 1837. Terwyl hulle in Hatford gebly het, het sy vriende hom Pip genoem, ?n naam wat by hom sou bly totdat sy ouers dood is . Die familie het geblom in Hatford, en het toe later na Boston verhuis. Pip het daar die bekende Boston English High bygewoon. Hy het baie goed gedoen in daardie voortreflike skool en het toe na sy tweede Hoërskool verskuif in Vevey, Switserland. Sy familie het toe later na Londen getrek en hy het verskuif na die Universiteit van Gottingen in Duitsland. John het baie goed gedoen op Universiteit en sy hoofvak was dan ook Wiskunde.Hy het toe ook ?n belangstelling in besigheid begin ontwikkel en het ?n investering klub saam met sy vriende begin. Hy het ook op daardie stadium begin om presies boek te hou van sy persoonlike uitgawes, ?n gewoonte wat hom bygebly het tot die einde van sy lewe.In 1857, het Junius Morgan besluit dat hy sy seun se visie wou verbreed en het besluit om hom New York toe te stuur. Die firma, Duncan, Sherman & Co. was die Amerikaanse verteenwoordigers van die George Peabody Company. Hy het aan die firma geskryf en gevra vir of daar ?n opening was vir sy seun, hy het ook in sy brief geskryf dat sy seun ?baie voortreflike eienskappe vir ?n werker? . J.P. Morgan het energie en nuwe idees na die maatskappy gebring en sy wiskundige kennis het hulle ook baie gehelp. Die feit dat hy baie goeie verbindings met die Engelse bankwese gehad het, het hom ook baie gehelp. In minder as drie jaar met Morgan van ?n klerk na ?n kassier in die firma gevorder. Alhoewel hy bevordering geweier is toe sy Pa dit aangevra het is hy wel later in sy loopbaan verder bevorder.Die Oorspronklike Sindikaat: J.P. Morgan & Co. 1860In 1860 verlaat Morgan vir Duncan, Sherman en open hy J.P. Morgan & Company om as Amerikaanse agent van sy Pa se firma te dien . Op daardie stadium het J.P. sy hande vol gehad met verkoop transaksies, wat hy moet doen vir sy Pa se angstige Engelse kliënte wat bang was dat die VSA se state sou ontbind; en dus hul beleggings in die VSA wou ontlaai.In 1862 maak Morgan egter weer kontak met ?n ou besigheid vriend, wat ook eers deel was van Duncan, Sherman, ?n Mnr. Charles Dabrey. Hulle begin dan ook hul eie maatskappy, naamlik Dabrey, Morgan & Company . Morgan se besigheid het aanhou groei en hy het al meer transaksies deur sy eie maatskappy gedoen.In 1871 het Dabrey afgetree en Anthony J. Drexel het Morgan se nuwe senior vennoot geword. Drexel was al klaar die hoof van die Philadelpiese investering bank, Drexel & Co . Hulle nuwe maatskappy, Drexel, Morgan & Co. het een van die mees suksesvolle firmas op Wall Street geword. Die firma het ook die oorheersende vors vir die VSA se staat befondsing geword.Later, toe Junius Morgan gesterf het in 1890, het J.P....

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