THE LEGEND OF J.P. MORGAN – THE FATHER OF AMERICAN FINANCE 💰🏛️
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Wealthy world on Instagram: "💰 J.P. Morgan: The Man Who Once Was the U.S. Economy Born in 1837, John Pierpont Morgan didn’t just build a bank — he shaped entire industries. From founding J.P. Morgan & Co. (now JPMorgan Chase) to forming GE and creating the world’s first billion-dollar corporation (U.S. Steel) — his fingerprints are all over modern finance. 📉 During the 1907 financial panic, he single-handedly stabilized the U.S. economy — before the Federal Reserve even existed. But with great
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The next ruler on Instagram: "The man was John Pierpont Morgan, known as J.P. Morgan, a powerful American banker and investor born in 1837. In 1895, the U.S. government faced a major financial crisis. At the time, the country used the gold standard, meaning every paper dollar had to be backed by gold. But the government's gold reserves were running dangerously low, threatening a collapse in confidence in the U.S. dollar and possible national bankruptcy. At this critical moment, J.P. Morgan stepp
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