* Early Career: Started his career in banking in the 1860s, working for his father's firm, J.S. Morgan & Co.
* Formation of J.P. Morgan & Co.: In 1871, he formed his own firm, J.P. Morgan & Co., which quickly became a leading investment bank.
* Major Achievements:
* Rescued the U.S. Financial System: In 1895, Morgan famously bailed out the U.S. Treasury during a financial crisis, preventing a national economic collapse.
* Organized and Financed Major Corporations: He played a key role in organizing and financing major industries like railroads, steel, and electricity. This included consolidating and restructuring struggling companies, bringing stability and efficiency to the U.S. economy.
* International Finance: He was involved in international finance, often acting as a mediator between the U.S. and European governments.
* Legacy: J.P. Morgan's legacy continues today through the financial giant JPMorgan Chase, which was formed from a merger of several institutions he established. He is remembered for his astute business acumen, financial prowess, and influence on the American economy.