People all over the world know that new york is the world's financial center, and Wall Street is a barometer of new york's financial industry and a symbol of American economic prosperity. The real big shot on Wall Street is John Pierpont Morgan. Today, the Morgan Foundation has become the richest man in the world in the history of a hundred years. Although the world economy has changed several times, the position of Morgan Foundation has not wavered at all. Morgan Foundation should be attributed to its founder-Morgan.
1907 panic is a financial crisis that almost destroyed the American economy. Several big banks in new york were on the verge of bankruptcy, but before Morgan took over and solved the crisis, there was no mechanism to save them. After Morgan took over, he met with the leading financiers in new york Mansion and asked them to come up with a plan to deal with the crisis.
He is not the richest business tycoon at the turn of the century, but the bank named after him is the largest and most important bank in America. His influence goes far beyond the huge dollar cash he controls. From 65438 to 0895, in the early panic wave, Morgan saved the US Treasury by organizing other Wall Street giants to buy federal government bonds.
How does Morgan's debt to Mexico and Argentina work today? Did they pull the American people up, or did they push them deeper into the abyss and oppress the people of all countries? It's hard to say, but there is no doubt that Morgan has expanded his power and influence in this way and made a lot of money. As a creditor country, Morgan is naturally most proud of the fact that the British Empire had to turn to him for help.