How did JP Morgan get his money?

Answer 1

J.P. Morgan amassed his wealth primarily through investment banking and finance. He played a crucial role in the consolidation of industries, notably railroads and steel, by facilitating Mergers and Acquisitions. His firm, J.P. Morgan & Co., became a powerhouse in underwriting government bonds and corporate securities, allowing him to accumulate significant wealth and influence in the American economy during the late 19th and early 20th centuries. Additionally, his strategic investments and financial acumen contributed to his financial success.