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Somewhat. He did not GIVE Edison money, but rather INVESTED in Edison Electric, which was Edison's invention of electric light. He gave millions (back in the day, which equals to several hundred million today) to the Edison cause to defy his father's financial expectations. JP Morgan's father believed in only investing in businesses that do not have risk nor competition.

In addition to investing millions to Edison Electric, JP Morgan required Thomas Edison to install the first electric light system in a residence. JP Morgan had electric light before Edison himself.

HOWEVER, with all the money Morgan invested in Edison, Thomas Edison became conceded in his work. He was then over-run by Nicholas Tesla, who ran electricity better, and won the contract to run the Niagra Falls, and the future of electric currents in the country. During this time, both Edison and Morgan became BROKE.

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12y ago

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