J. P. MORGAN
(John Pierpont Morgan | J. Pierpont Morgan)
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Attempting to defend charges that his bank and others were engaged in monopolistic practices:
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John Pierpont Morgan was an American financier and banker who dominated corporate finance on Wall Street throughout the Gilded Age. As the head of the banking firm that ultimately became known as J.P. Morgan and Co., he was a driving force behind the wave of industrial consolidation in the United States spanning the late 19th and early 20th centuries.