<p>Tall and stiff, J. P. Morgan looked the part of an emperor. And he acted like one, too, making two United States presidents meet his terms to save the country from financial panic. His great power and princely style of life made him a living symbol of the might of money. Here, in this essay by th
J. P. Morgan
β Scribed by The Editors of New Word City
- Publisher
- New Word City
- Year
- 2013
- Tongue
- English
- Leaves
- 16
- Series
- Great Leaders
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
There is no arguing J.P. Morgan's monumental influence. As both the guardian of America's financial sturdiness and a well-appointed exploiter of the system's regulatory shortcomings, his actions raised questions that still resonate: What does it mean for Wall Street to be out of control? How best can government and business collaborate when it comes to buttressing a fragile economy? Should private enterprise be allowed to profit from government bailouts? By delving into Morgan's attitudes and way of thinking we begin to understand the motivations and limitations of modern-day financial giants. Here, in this short-form book, are lessons that none of us can afford to ignore.
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A financial leader, J.P. Morgan was a large influence in the way government and business collaborate in a fragile economy.
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