John Pierpont Morgan was born on April 17th 1837, in Connecticut to a well-off and influential family. His father, Junius Spencer Morgan, and his mother, Juliet Pierpont. John’s childhood was filled with changing schools frequently; going to 5 or 6 different schools in his life. some of the schools he went to were in America but he also went to school in Europe.

John at first entered his father’s business firm Peabody, Morgan & Co. Eventually he owned a firm of his own named J.P. Morgan & Co. With his firm, he usually took charge of buying a failing business , than reorganized that business into a profitable one. He became rich this way.

After he became a rich man he entered into the railroad industry and bought many failing railroad businesses and reorganized them to make them profitable. He combined the railroad businesses together to create even larger railroad businesses. Morgan and his firm eventually became owners of multiple giant railroad corporations.

In 1901, he entered the steel industry and bought many small and large corporations of steel, coal, and shipping. He even bought the gigantic Carnegie steel company, merging them to one great company: the United States Steel Corporation which became the first billion-dollar business in the world.

Besides becoming a great businessman he saved the American government and Wallstreet from bankruptcy. During the panic of 1893, the American government lost a lot of gold and in 1895 almost all the gold of the government is almost gone, so the government asked for help from Morgan. Morgan organized many businessmen and made them loan thousands of ounces of gold to the government. In the panic of 1907, he saved Wall street instead of the government at the request of the government. The way he saved Wall street is by putting money from the US Steel to Wallstreet stopping the Wallstreet from crashing. 

John Pierpoint Morgan died in Rome in the year of 1913. He passed away in his sleep.

Morgan in his lifetime consolidated and made giant corporations. He even saved the government from being bankrupt and Wallstreet from collapsing.