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Morgan Family
The Morgan family is an American family and banking dynasty, which became prominent in the U.S. and throughout the world in the late 19th century and early 20th century. Members of the family amassed an immense fortune over the generations, primarily through the noted work of John Pierpont (J. P.) Morgan (1837–1913). Morgan members were notable for dominating the banking industry during their time. J. P. Morgan was the de facto leader of this dynasty, having been the most prominent businessman in America at the turn of the century. He revolutionized numerous industries, including electricity, railroad, and steel. Through his business methods, he was highly successful in asserting his power as one of the most influential businessmen in America. Historians describe the Morgan family along with its web of partners to be part of the large American banking empire known as the House of Morgan. It is difficult to place an exact beginning and end date on the dynasty. However, many schol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banking Families
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Banking families are families which have been involved in banking for multiple generations, in the modern era generally as owners or co-owners of banks, often named for their families. Banking families have been important in the history of banking, especially before the 20th century. Antiquity * House of Egibi of Mesopotamia *Murashu family of Mesopotamia Modern See also * Private bank * Private banking References Banking Families Family (from la, familia) is a group of people related either by consanguinity (by recognized birth) or affinity (by marriage or other relationship). The purpose of the family is to maintain the well-being of its members and of society. Ideal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Farmington, CT
Farmington is a town in Hartford County in the Farmington Valley area of central Connecticut in the United States. The population was 26,712 at the 2020 census. It sits 10 miles west of Hartford at the hub of major I-84 interchanges, 20 miles south of Bradley International Airport and two hours by car from New York City and Boston. It is home to the world headquarters of several large corporations including Otis Elevator Company and Carvel. The northwestern section of Farmington is a suburban neighborhood called Unionville. History Eighteenth and nineteenth centuries Farmington was originally inhabited by the Tunxis Indian tribe. In 1640, a community of English immigrants was established by residents of Hartford, making Farmington the oldest inland settlement west of the Connecticut River and the twelfth oldest community in the state. Settlers found the area ideal because of its rich soil, location along the floodplain of the Farmington River, and valley geography. The to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard University
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Pierpont Morgan, Jr
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died c. AD 30), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (lived c. AD 30), one of the twelve apostles of Jesus * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope Joh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Darius Ogden Mills
Darius Ogden Mills (September 25, 1825 – January 3, 1910) was a prominent American banker and philanthropist. For a time, he was California's wealthiest citizen. Early life Mills was born in North Salem, in Westchester County, New York, the fifth son of Hannah Ogden (1791–1850) and James Mills (1788–1841), a supervisor, postmaster and justice of the peace for the town of North Salem. His maternal grandfather was William Ogden (1767–1815), who was from Dutchess County and a member of the prominent Ogden family of New York and New Jersey. He was educated at North Salem Academy and Mt. Pleasant Academy. Career Shortly after his father's death in 1841, he began working as a clerk in a small general store in New York City at the age of 15. At age 21, he moved to Buffalo, New York, at the invitation of his cousin, Elihu J. Townsend (the son of Malinda Ogden Townsend, his mother's sister), and became the cashier of the Merchants' Bank of Erie County, and later a on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cornelius Vanderbilt
Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. After working with his father's business, Vanderbilt worked his way into leadership positions in the inland water trading, water trade and invested in the rapidly growing railroad industry, effectively transforming the geography of the United States. As one of the List of richest Americans in history, richest Americans in history and List of wealthiest historical figures, wealthiest figures overall, Vanderbilt was the patriarch of the wealthy and influential Vanderbilt family. He provided the initial gift to found Vanderbilt University in Nashville, Tennessee. According to historian H. Roger Grant: "Contemporaries, too, often hated or feared Vanderbilt or at least considered him an unmannered brute. While Vanderbilt could be a rascal, combative and cunning, he was much more a builder than a wrecker [...] being hono ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metropolitan Club
The Metropolitan Club of New York is a private social club on the Upper East Side of Manhattan in New York City. It was founded as a gentlemen's club in 1891 for men only, but it was one of the first major clubs in New York to admit women, though they still represent a minority. History The Metropolitan Club was formed in 1891 by J. P. Morgan, who served as its first president. It was actually the second organization with that name in its neighborhood. ''The New York Times'' reported on March 10, 1891, about the name selected two days previous: There is already a Metropolitan Club, which for some years has occupied quarters in the neighborhood in which the millionaires think of building. Other original members of the club included William Kissam Vanderbilt and James A. Roosevelt. "Each member, which included Vanderbilts and Whitneys, contributed $5,000 to buy the plot of land." Clubhouse The architects of the original building (erected in 1893) were McKim, Mead & White. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Knickerbocker Club
The Knickerbocker Club (known informally as The Knick) is a gentlemen's club in New York City that was founded in 1871. It is considered to be the most exclusive club in the United States and one of the most aristocratic gentlemen's clubs in the world. The term "Knickerbocker", partly due to writer Washington Irving's use of the pen name Diedrich Knickerbocker, was a byword for a New York patrician, comparable to a "Boston Brahmin". History The Knickerbocker Club was founded in 1871 by members of the Union Club of the City of New York who were concerned that the club's admission standards had fallen. By the 1950s, urban social club membership was dwindling, in large part because of the movement of wealthy families to the suburbs. In 1959, the Knickerbocker Club considered rejoining the Union Club, merging its 550 members with the Union Club's 900 men, but the plan never came to fruition. The Knick's current clubhouse, a neo-Georgian structure at 2 East 62nd Street, was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Yacht Club
The New York Yacht Club (NYYC) is a private social club and yacht club based in New York City and Newport, Rhode Island. It was founded in 1844 by nine prominent sportsmen. The members have contributed to the sport of yachting and yacht design. As of 2001, the organization was reported to have about 3,000 members. Membership in the club is by invitation only. Its officers include a commodore, vice-commodore, rear-commodore, secretary and treasurer. The club is headquartered at the New York Yacht Club Building in New York City. The America's Cup trophy was won by members in 1851 and held by the NYYC until 1983. The NYYC successfully defended the trophy twenty-four times in a row before being defeated by the Royal Perth Yacht Club, represented by the yacht '' Australia II''. The NYYC's reign was the longest winning streak as measured by years in the history of all sports. The NYYC entered 2021 and 2024 America's Cup competition under the syndicate name American Magic. Clubhou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union League Club Of New York
The Union League Club is a private social club in New York City that was founded in 1863 in affiliation with the Union League. Its fourth and current clubhouse is located at 38 East 37th Street on the corner of Park Avenue, in the Murray Hill neighborhood of Manhattan. It was designed by Benjamin Wistar Morris and opened on February 2, 1931.About the Club Union League Club website, accessed November 21, 2008 The building was designated a on October 25, 2011. The club is considered one of the most prestigious in New York City. |
Panic Of 1907
The Panic of 1907, also known as the 1907 Bankers' Panic or Knickerbocker Crisis, was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange fell almost 50% from its peak the previous year. The panic occurred during a time of economic recession, and there were numerous runs on banks and on trust companies. The 1907 panic eventually spread throughout the nation when many state and local banks and businesses entered bankruptcy. The primary causes of the run included a retraction of market liquidity by a number of New York City banks and a loss of confidence among depositors, exacerbated by unregulated side bets at bucket shops. The panic was triggered by the failed attempt in October 1907 to corner the market on stock of the United Copper Company. When that bid failed, banks that had lent money to the cornering scheme suffered runs that later spread to affiliated banks and trusts, leading a week ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or company, enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a Market (economics), market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic Competition (economics), competition to produce the good (economics), good or Service (economics), service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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