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Junius Spencer MorganAmerican and British banker and financier
Date of Birth: .
Country:  USA |
Content:
Early Life and Career
Junius Spencer Morgan was born into a wealthy family in Massachusetts. He inherited a substantial fortune from his father in 1829 and began his business career in Hartford and Boston. Morgan quickly multiplied his wealth, becoming a partner in the mercantile firm "J. M. Beebe & Co." and later in "George Peabody & Co." in London.
Success in London
In 1864, upon John Peabody's retirement, Morgan took over the leadership of the firm, which was renamed "J.S. Morgan & Co." Under his guidance, the company became one of the most prominent financial institutions in Europe.
Return to the United States
Morgan returned to the United States in 1877 and continued his successful career in finance. He amassed a fortune estimated at $10 million (equivalent to over $270 million in 2017).
Family
Morgan married Juliet Pierpont in 1836, and they had five children:John Pierpont Morgan
Sarah Spencer Morgan
Mary Lynde Morgan
Junius Spencer Morgan Jr.
Juliet Pierpont Morgan
Philanthropy
Morgan was a generous philanthropist, donating funds to the Hartford Public Library and Trinity College.
