J.p. Morgan :: essays research papers

J.P. Morgan riseMy life on the whole has helped the whole country prosper. I bind away so much money to great causes. I in any case help the government with monetary crises. I admit that I am very wealthy. But is having money a crime in this capitalist country? Definitely not. I obtained my wealth by hard gain and dedication. I never once backstabbed or stepped on people to stand by what I wanted. I contract helped and continue to help companies that are in need of money. I have financed International Harvester, American Telephone and Telegraph, and world-wide Electric. Without the money I gave these companies, they would never have existed. In essence, I have helped create great companies such as the above. How is this unethical?Not only if do I help companies I help the government whenever possible. afterwards the panic of 1893, I helped reorganize railroad companies such as northern Pacific, Erie, Southern, and the Philadelphia and Reading. The government didnt have th e capital to aid these companies so I did because it needed to be done. Also, in 1895 I sold my firms $62 million government bond issues. Due to this, I helped devastation the gold shortage in the U.S. Treasury. In 1907 I loaned money to banks to save up them from closing after the panic of 1907. As shown above, I have help the government several times out of the generosity that is in my heart. serving the government and companies is good, but I wanted to give back to society. In order to do this, I decided to donate and help ground public associations. I founded the Lying-In Hospital in New York metropolis and gave a large sum of money to the Harvard Medical School. In addition, as an ardent Episcopalian, I gave a large portion of funds to frame the Cathedral of Saint John the Divine in New York City.