Tag: JP Morgan
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A Ticket to Panic: Jay Cooke’s Railroad Dreams and the Panic of 1873
Studying financial crises throughout history is a lot like studying wars. There are far too many of them, and each feels unique. If I were to continue to use my war metaphor (mainly because it is all I have), I would say the global depression that rocked the world in the 1870s is akin to…
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Why I Wrote It: The Federal Reserve of J.P. Morgan
**Why I wrote it is a series in which I explain interesting things about the topic I chose or why it matters that people know this history. Please see the story being referenced here. I understand that to most people, economic history is a boring subject. It combines two topics they often tried to avoid…
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The Federal Reserve of J.P. Morgan
J.P. Morgan is a well-known American figure. He founded J.P. Morgan & Co. in the 19th Century and even today it remains one of the most powerful banking institutions in the world. To some, he is an example of the worst type of greed and corruption that can befall the American economic system, but to…