Rich Uncle Pennybags: Financial Tycoon J.P. Morgan

The Robber Barons

The captains of the industry are perhaps better known as the Robber Barons. Or maybe, they are simply known for the huge brand names that they have created. It’s been about a century since some very prominent people helped build the United States: J.P. Morgan, Rockefeller, Center, and Carnegie Hall, just to name a few.

JP Morgan Sr walking in the street in Washington, DC

Photo by Universal History Archive / Universal Images Group / Getty Images

Everyone has definitely heard these names, whether or not they know about the men themselves: the Astors, the Fords, the Rockefellers, the Carnegies, the Vanderbilts. But what exactly did they do to make their money? Today we’re going to look at J.P. Morgan.

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