Friends, consider this: there once was a man who owned the entire banking sector, not just one particular bank. Many times, this one man prevented the United States as a whole from going bankrupt. Friend, this was none other than J.P. Morgan, the richest banker and businessman on the planet. He possessed such immense power that he could boom or bust an economy the size of the United States of America at will.

J.P. Morgan was disliked even by US President Roosevelt. When the American economy reached the brink of collapse in 1907, Roosevelt was forced to knock on his door. Roosevelt soon realized that Morgan was the only person who could save the entire country’s economy from sinking with one stroke and also start the world’s first billion-dollar company. Morgan was the one who founded Morgan. He led not one or two companies in his time but the industrialization of America in the 19th and early 20th century from the forefront. You will be surprised to know that all the big businessmen among us today like Bill Gates, Elon Musk, Mark Zuckerberg or Tim Cook, if we add up their wealth after adjusting for inflation, will not be able to match the wealth, fame and power of the physically challenged Morgan.

But despite all this, he could never improve his image in public. In the eyes of the people, he was such a tycoon who could do anything for money and power. On top of that, because of his physical appearance, he was compared to the devil in the media. Now the question is, how did he make himself the king of the world of finance? How did he convert his name into such a big legacy? Friends, in today’s article, we will tell you how he made himself the king of the world of finance. How did he convert his name into such a big legacy? In the video, we will decode their exciting story about the entry of JP Morgan, or John Pier Punt. JP Morgan was born in 1837 in Connecticut, US. Morgan’s father, Junior Spencer Morgan, was a very big banker in the US and European markets. But despite being born with a silver spoon in such a rich family, Morgan’s childhood was not so comfortable. He had been suffering from diseases like a deadly cough, migraine seizures, and scarlet fever since childhood.

But nowhere did he get a chance to become a banker. This weakness of his became a blessing and disguise for him because, due to it, he used to spend most of his time at home reading books related to the financial world. After completing his studies in 1857, thanks to his father, he got a job in a banking firm on Wall Street. There, he was the American representative of his father’s company. He did this job for the next 14 years. During this time, John started giving such signals that people understood that he would do something big in the world of finance. For example, once, he used to come to gain knowledge of the trade of 18591. On this trip, Morgan tried to play a very risky game. Here, he bought a whole ship of Brazilian coffee using his company’s money. This ship had arrived at a port there but there was no one to buy it.

However, John tried to sell it. John’s father did not approve of his high risk-taking tendencies, even though they sold the goods and made a good profit. That is why, at the age of 24, Morgan left the comfortable job of his family firm and started his own company. But this company used to work as an agent for his father’s bank in England. with the onset of financial opportunity, and in 1863, the Conscription Act was introduced, under which it became necessary for every person in the country to join the army. Obviously, John’s turn was certain to come in, but to avoid this recruitment, he paid $300 and another person was put in his place because his eyes were somewhere else. He was preparing to make a big hit in this war, even though he was not involved in it or how he did it. Let’s see how he created many profitable opportunities for himself in this war. Exploiting such an orch

He was yet to play many big tricks in life. Well, after this, a big turning point in his life came in 1887, when John and Anthony Drexler, bankers, set up Dressel Morgan & Company. This company made Morgan the king of Wall Street. This is the same firm that we know today as J.P. Morgan Chase.