Essay Database

“No, sir, the first thing is character. Before money or anything else. Money cannot buy it… Because a man I do not trust could not get money from me on all the bonds in Christendom” (Sinclair XIII). With that line, John Pierpont Morgan ended his career in a show-stealing manner. Indeed, J.P. Morgan was a man of character; moreover, he was perhaps the greatest Wall Street banker of the decade. Unlike others who gained …

…his art collection. In other affairs, Morgan also gave much money to the Harvard Medical School and hospitals (Boardman 131). J.P. Morgan was truly a captain of industry because he followed Carnegie's proposition that it was an obligation of the rich to share their wealth, but more importantly, he realized that if he didn't help the various institutions the way he did the markets and nation would have suffered greatly, causing panic among the public.