John Pierpont Morgan

John Pierpont Morgan was born on April 17, 1837 in Hartford, Connecticut. His parents

were Junius Spencer Morgan and Juliet Pierpont. As a youth Morgan moved from school to

school, first attending Hartford public school in 1848 and then Episcopal Academy in Cheshire.

Morgan then got accepted into English High School of Boston. However he became very ill and

had to take a year off of school to recover. When he finished high school he was sent to a school

named Bellervie where he learned to speak French and then to University in Germany where

became fluent in German also. In 1857 Morgan started working with his father, who was a

banker in London in his bank. He went on to work in banking houses in New York and became

involved with a number of firms. In 1861 Morgan married Amelia Sturges. After only a year of

marriage Amelia died. Morgan did not hesitate to remarry Frances Tracy whom he had four

children with. A skin disease from his childhood left him with a disfigured nose and he also

suffered from rosacea, which causes irregular redness on the face. Because of these

circumstances Morgan was very self conscious and didn't like getting his picture taken. The Civil

War which lasted from 1861 to 1865 was extremely expensive and left America in a huge

amount of debt. The U.S government called upon Morgan and his company to help refinance

their debt. He started to promote railroads to European investors. Morgan was able to sell them

without having to lower the price. He made sure that investors would not lose their money by

eliminating the debt on railroads he sold. He also had his people take charge of the railroads to

make