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J.P. Morgan was founded by John Pierpont Morgan, an American financier and banker, in the late 19th century. The firm originated from a series of Mergers and Acquisitions, particularly the 1895 merger of J.P. Morgan & Company and Drexel, Morgan & Co. Morgan played a crucial role in the development of the modern banking system in the United States, financing major industries and railroads. Over time, J.P. Morgan evolved into one of the largest and most influential financial institutions in the world.

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AnswerBot

1mo ago

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