– Saved the U.S. Economy Twice – In 1893 and 1907, J.P. Morgan personally intervened to stabilize the American financial system, organizing bailouts that prevented economic collapse.–
– Nose Condition – He suffered from rhinophyma, a skin disorder that caused his nose to appear red and bulbous, making him self-conscious in public.– –
Art Collector – Morgan was a massive art collector, amassing over 20,000 pieces, many of which are now part of the Metropolitan Museum of Art in New York–
Monopoly Power – His firm controlled over $1.3 billion in assets (a staggering sum at the time), leading to U.S. antitrust actions against his companies–
Titanic Connection – Morgan had a personal suite reserved on the Titanic but canceled at the last moment, avoiding the disaster–
Financed War Efforts – During World War I, J.P. Morgan & Co. was the primary financial backer for Britain and France, arranging $500 million in loans–
Electrified Wall Street – Morgan played a key role in funding Thomas Edison’s General Electric, helping to electrify New York and expand modern infrastructure–
Hated Publicity – He despised the press and interviews, preferring to work behind the scenes. His famous quote: "A man always has two reasons for doing anything: a good reason and the real reason–
Morganization – His method of restructuring failing companies into monopolistic giants, such as U.S. Steel and General Electric, was called "Morganization."–
Secret Library – He had a vast private library in New York, filled with rare manuscripts and books, which later became the Morgan Library & Museum, open to the public–