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J.P. Morgan
Beginning of paper
“No, sir, the first thing is character. Before money or anything
else. Money cannot buy it… Because a man I do not trust could not get money
from me on all the bonds in Christendom” (Sinclair XIII). With that line,
John Pierpont Morgan ended his career in a show-stealing manner. Indeed,
J.P. Morgan was a man of character; moreover, he w .... Middle of paper
.... one of the biggest ventures of the
time.
During his career, Morgan bailed out America's financial system
several times. When Congress adjourned in 1877 without appropriating money
to pay soldiers. Morgan came up with the $550,000-a-month payroll and set
up a disbursement system (Gross 64). In 1895 when the U.S. gold reserves
fell dangerously low, he signed a contract with President Grover Cleveland
to procure $50 million in gold from ....
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Number of words: 1122
Number of pages: 5 (approx. 250 words per double-spaced page)
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