J.P. Morgan: The Financier

Aired: 2/5/2018 | 0:01:09 | Clip
John Pierpont Morgan was an American financier and industrial organizer during the Gilded Age. In 1885, America was years into a depression, and gold reserves were down more than 50%. Morgan feared that if the U.S. dollar was devalued, his fortune would be in jeopardy. So he urged President Cleveland to consider a plan — one that eventually led to the rebound of the nation’s gold reserves.

SHARE