
Morgan family
American family and banking dynasty

American family and banking dynasty
The Morgan family is an American family and banking dynasty, which became prominent in the U.S. and throughout the world in the late 19th century and early 20th century. Members of the family amassed an immense fortune over the generations, primarily through the entrepreneurship of Junius Spencer (J. S.) Morgan (1813–1890) and John Pierpont (J. P.) Morgan Sr. (1837–1913). Morgan family members dominated the banking industry during their time. The most prominent member of this dynasty was J.P. Morgan, the most influential banker in America at the turn of the century. He revolutionized numerous industries, including the electricity, railroad and steel industries. Through his business methods, he was highly successful in asserting his power as one of the most influential businessmen in America. Historians describe the Morgan family and its web of partners as being part of the large American banking empire known as the House of Morgan.
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