The JP Morgan Family: The Old Money Family That Saved the U.S. and Built a Money Empire

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The JP Morgan Family: The Billionaire Bankers Who Rescued America.

The year is 1907. The United States is careening towards total economic collapse. A stock market gamble has gone horribly wrong, sparking a crisis of confidence that's ripping through New York City like a plague. Banks are failing, their doors chained shut as panicked citizens riot in the streets, desperate to get their life savings. Trust, the bedrock of the entire financial system, has simply evaporated. The U.S. government, without a central bank to call, is powerless. The nation’s credit is shot, its Treasury is nearly empty, and the gears of American capitalism have ground to a sickening halt.

In this moment of crisis, the country didn't turn to its president. It didn't turn to a general. It turned to one man. A 70-year-old banker, a titan of Wall Street whose personal power was the last line of defense. This is the story of John Pierpont Morgan, the patriarch of a banking dynasty who, on more than one occasion, bailed out the United States government itself. In an era before the Federal Reserve, before billionaires were a dime a dozen, the fate of the economy often rested in the hands of this one family. They didn't rule from a throne; they ruled from a corner office at 23 Wall Street, an address known simply as "The Corner." And in saving the nation, Morgan revealed a terrifying truth: that the American economy answered not to the will of the people, but to the will of a king—a king of capital.


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