 | This article is missing information about J.S. Morgan's banking career. (May 2024) |
| Morgan family | |
|---|---|
 Coat of Arms of John Pierpont Morgan. | |
| Current region | New York City, New York |
| Place of origin | Llandaff, Wales |
| Founder | Miles Morgan |
| Connected families | Adams political family Cavendish-Bentinck family Hamilton family Livingston family Perry family House of Harcourt |
The Morgan family is an American family and banking dynasty, which became prominent in the U.S. and throughout the world in the late 19th century and early 20th century. Members of the family amassed an immense fortune over the generations, primarily through the work of Junius Spencer (J.S.) Morgan (1813–1890) and John Pierpont (J. P.) Morgan Sr. (1837–1913).
Morgan members dominated the banking industry during their time. J. P. Morgan was the de facto leader of this dynasty, having been the most prominent businessman in America at the turn of the century. He revolutionized numerous industries, including electricity, railroad, and steel. Through his business methods, he was highly successful in asserting his power as one of the most influential businessmen in America. Historians describe the Morgan family along with its web of partners to be part of the large American banking empire known as the House of Morgan.
It is difficult to place an exact beginning and end date on the dynasty. However, many scholars [who?] attribute the death of J. P. Morgan to the end of the banking dynasty. In The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance, Ron Chernow chronicles the lives of the Morgans, which he described as "encrusted with legend... ripe with mystery, [and] exposed to such bitter polemics".[1]
- ^ Chernow, Ron (1990). The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance. New York: Atlantic Monthly Press. p. xi. ISBN 0-87113-338-5.