A surprisingly sympathetic biography of J.P. Morgan. He was a steadying force in the marketplace, especially in the area of the railroads where the competition was cut-throat. The author tells of cases where Morgan would re-acquire ownership of a Railroad at a loss, because Morgan thought the owner was not running it correctly. Time and again Morgan would risk money to uphold his business principals often losing money in the deal. Eventually in later years the government stepped in with their regulatory agencies and performed much the same task that Morgan was performing. The author gives some personal insights such as his style of art collecting and his lifestyle.
"A surprisingly sympathetic biography of J.P. Morgan. He was a steadying force in the marketplace, especially in the area of the railroads where the competition was cut-throat. The author tells of cases where Morgan would re-acquire ownership of a Railroad at a loss, because Morgan thought the owner was not running it correctly. Time and again Morgan would risk money to uphold his business principals often losing money in the deal. Eventually in later years the government stepped in with their regulatory agencies and performed much the same task that Morgan was performing. The author gives some personal insights such as his style of art collecting and his lifestyle."@en
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