J. P. Morgan was a ruthless capitalist and financier and one of the most powerful men in US history. He had enough wealth to buy every state west of the Mississippi River. He personally saved the United States Government from insolvency not once but twice, & infused the gov't with 3.5 million ounces of gold in 1893. In both cases he made a huge profit. He was known as a humorless genius. 1 word from him could make/break reputations. He formed General Electric, US Steel & owned the Titanic.
This is a political cartoon about J.P Morgan. He was a big banker who was in charge of a financial business called J.P Morgan & CO. People say that he dominated the corporate finance business and industrial consolidation. This is an example of the big business. This has to do with what we are learning about because it has to dowith the big businesses and labor forces.
Beckoning a waiter J. P. Morgan once ordered a beer while saying, 'When Morgan drinks, everybody drinks.' Everybody had a beer and when Morgan had finished, he slapped a dime upon the table, saying, 'When Morgan pays, everybody pays. - J. P. Morgan