J. P. Morgan
American financier, banker, and art collector (1837–1913)
John Pierpont Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time.
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- It will fluctuate.
- Said of the stock market, as quoted in Jean Strouse, Morgan: American Financier (Random House, 1999), p. 11
- I owe the public nothing.
- Quoted in the New York World (11 May 1901) during the Northern Pacific Corner. See Morgan: American Financier by Jean Strouse
Testimony to the Pujo Committee (1912) edit
- The first thing [in credit] is character … before money or anything else. Money cannot buy it.… A man I do not trust could not get money from me on all the bonds in Christendom. I think that is the fundamental basis of business.
- [Credit] is an evidence of banking, but it is not the money itself. Money is gold, and nothing else.
Quotes about Morgan edit
- I despise the rule of Rockefeller and Morgan as much as that of King or Kaiser, and am as outraged by Ludlow and Calumet as by Belgium.
- Only workers are forbidden to be internationalists. It’s perfectly proper for J. P. Morgan and Henry Ford; for the bankers, the munitions trusts, the chemical companies. It’s proper for scientists, stamp collectors, athletic associations, musicians, spiritualists, people who raise bees, to be internationalist – but not workers. Only the clasped hands of the workers across the boundaries are struck down in every country.
- the great fathers Jefferson, Lincoln and Jackson had given way to Carnegie, Morgan and DuPont.
- Meridel Le Sueur "Crusaders" (1955)
- What J.P. Morgan and John D. Rockefeller were to the Age of Robber Barons, Microsoft's Bill Gates and Berkshire Hathaway's Warren Buffett, as well as digital moguls like Mark Zuckerberg and Jeff Bezos are to the contemporary age of the rule of the 1%. Then as now, the super-rich used governments to write laws and rules to allow them to accumulate unlimited wealth; then as now, creating monopolies by enclosing the commons and killing competition is the strategy for becoming the 1%.
- Vandana Shiva Oneness vs. the 1%: Shattering Illusions, Seeding Freedom (2018)
- Testimony of J. P. Morgan Before the Bank and Currency Committee of the House of Representatives, at Washington, D. C., Appointed for the Purpose of Investigating an Alleged Money Trust in "Wall Street." Cross-Examined by Samuel Untermyer, Attorney for the Committee. (December 18-19, 1912). Retrieved on November 27, 2019.