JDietz

=__J. P. Morgan__= =__Robber Baron or Captain of Industry?__= //By: Josh Dietz//
 * [[image:http://upload.wikimedia.org/wikipedia/commons/thumb/a/a6/JP_Morgan.jpg/240px-JP_Morgan.jpg width="240" height="300" caption="J.P. Morgan, photographed by Edward Steichen in 1903" link="http://en.wikipedia.org/wiki/Image:JP_Morgan.jpg"]] ||

=__Child Hood and Education__= John Pierpont Morgan was born April 17, 1837 in Hartford, Connecticut to Junius Spencer Morgan and Juliet Pierpont. He preferred to be called Pierpont. During the fall of 1848, Pierpont was transferred to the Hartford Public School and was transferred again to the Episcopal Academy in Cheshire; he boarded with the principal at this school. Morgan passed the entrance exam for the English High School of Boston in September 1851. This was a school that specialized in preparing students for careers in commerce. During the spring of 1852 Morgan became ill with Rheumatic fever. It is a very painful disease that will become more common as his life progresses. His father Junius sent Morgan to the Azores (Northern Portuguese islands) so that he could recover from his fever. It took about one year for Morgan to recover, but once he was home again, he continued his studies. Once he graduated he was sent to Bellerive to learn to speak French fluently. As soon as Morgan became fluent in French he was sent to the University of Gottingen for six months to learn German. After those final six months his education was complete, and he went to London. =__How J. P. Morgan Made His Fortune__=

Morgan bought Carnegie Co. for 480 million dollars and several other steel and iron companies to form U.S. Steel it was the first billion dollar company with an authorized capitalization of 1.4 billion dollars. It was a monopoly because Morgan captured two thirds of the steel industry. Morgan was also involved with manufacturing, mining, he controlled banks, he also had shipping lines and communication systems. He also owned the white star line which was the company that made the RMS Titanic. =__J. P. Morgan’s Relations with Other Entrepreneurs__=

J. P. Morgan had many relations with other entrepreneurs. He had relations with Andrew Carnegie; Because Morgan bought Carnegie Co. from him. =__Other Interesting Facts about Him__=

There are many interesting facts about J. P. Morgan. One interesting fact is that Morgan was scheduled to ride on the RMS Titanic’s maiden voyage but cancelled last minute. He also has a gemstone named after him, it is called Morganite. =__ My opinion is that J. P. Morgan was a Captain of Industry __=

I think J. P. Morgan is a Captain of Industry. One of my main pieces of supporting evidence is he was a very generous Philanthropist, he donated more than 50 million in artwork, and all the gemstones he collected over his lifespan were donated to the American Museum of Natural History. In 1906 he paid a photographer named Edward S. Curtis $75,000 to create a series on the Native Americans.

__bibliography__
Wikipedia, http://en.wikipedia.org/wiki/J._P._Morgan, (02,26,2008)