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J. P. Morgan, Jr.
John Pierpont "Jack" Morgan, Jr., also referred to as J.P. Morgan Jr. (September 7, 1867 – March 13, 1943), was an American banker, finance executive, and philanthropist.〔J.P. Morgan Jr. Papers: Box #, Folder #. Archives of The Pierpont Morgan Library, New York.〕 Morgan Jr. inherited the family fortune and took over the business interests including J.P. Morgan & Co. after his father J. P. Morgan died.
A graduate of St. Paul's School and Harvard, he was trained as a finance executive in the business world, having worked for both his father and grandfather, that would serve him well as a banking financier and lending leader, and was a director of several companies. He supported the New York Lying-In Hospital, the Red Cross, the Episcopal Church, and provided an endowment for the creation of a rare books and manuscripts collection at the Morgan Library.
Morgan brokered a deal that positioned his company as the sole munitions and supplies purchaser during World War I for the British and French governments. The results produced a one percent commission on $3,000,000,000 or $30,000,000 to the company. Morgan was also a banking broker for financing to foreign governments both during and after the war.
==Biography==
Morgan, Jr. was born on September 7, 1867 in Irvington, New York to J. P. Morgan and Frances Louisa Tracy. He graduated from Harvard in 1886, where he was a member of the Delphic Club, formerly known as the Delta Phi. In 1890 Jack married Jane Norton Grew (d. 1925), daughter of Boston banker and mill owner Henry Sturgis Grew. She was the aunt of Henry Grew Crosby. The couple raised four children: Junius Spencer Morgan III; Henry Sturgis Morgan, a founding partner of Morgan Stanley; Jane Norton Morgan Nichols, and Frances Tracy Pennoyer. A fifth child, Alice (d. 1918?), died at a young age of typhoid fever.
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