John Pierpont "J. P." Morgan (April 17, 1837 – March 31, 1913) was an American financier, banker, philanthropist and art collector who dominated corporate finance and industrial consolidation during his time. In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric. After financing the creation of the Federal Steel Company, he merged in 1901 with the Carnegie Steel Company and several other steel and iron businesses, including Consolidated Steel and Wire Company owned by William Edenborn, to form the United States Steel Corporation. Morgan died in Rome, Italy, in his sleep in 1913 at the age of 75, leaving his fortune and business to his son, John Pierpont "Jack" Morgan, Jr., and bequeathing his mansion and large book collections to The Morgan Library & Museum in New York. Childhood and education J. Career Early years and life J. J.P. After the 1893 death of Anthony Drexel, the firm was rechristened "J.
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William Howard TaftWilliam Howard Taft (September 15, 1857 – March 8, 1930) was the 27th President of the United States (1909–1913) and later the tenth Chief Justice of the United States (1921–1930). He is the only person to have served in both of these offices. Before becoming President, Taft, a Republican, was appointed to serve on the Superior Court of Cincinnati in 1887. In 1890, Taft was appointed Solicitor General of the United States and in 1891 a judge on the United States Court of Appeals for the Sixth Circuit. In 1900, President William McKinley appointed Taft Governor-General of the Philippines. In 1904, President Theodore Roosevelt appointed Taft Secretary of War in an effort to groom Taft, then his close political ally, into his handpicked presidential successor. After leaving office, Taft spent his time in academia, arbitration, and the pursuit of world peace through his self-founded League to Enforce Peace. Early life and education Legal career and early politics 1909 inauguration
Great DepressionUSA annual real GDP from 1910–60, with the years of the Great Depression (1929–1939) highlighted. The unemployment rate in the US 1910–1960, with the years of the Great Depression (1929–1939) highlighted. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. The depression originated in the U.S., after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). The Great Depression had devastating effects in countries rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Cities all around the world were hit hard, especially those dependent on heavy industry. Some economies started to recover by the mid-1930s. Start Even after the Wall Street Crash of 1929, optimism persisted for some time; John D. Economic indicators Causes General theoretical explanations
Just a Bump in the Road » AboutYou can talk about the need to end poverty; give a dollar to someone on the street, and feel pity; or you can do something to make a difference. I’m just an average person who believes that everyone deserves a home, a living wage, a community. I’m walking across the United States to talk to people who are experiencing poverty and homelessness firsthand, and to raise awareness of the growing problem. I began my journey of 3,000 miles on July 4, 2009, in Washington. Along the way I’ve gotten arrested, survived a tornado, had a run-in with a polar bear (slight dramatization) walked for two weeks on a leg I didn’t know was broken and met so many amazing people. When I began my journey, I had no idea what I would find. What I found was far different than the stereotypical fat, loud and selfish America we hear so much about. Walking gives me the rare opportunity to talk to people about the struggles they face, about their hopes and dreams, and to share a drink or a laugh. Jennifer E.
Anna Eleanor RooseveltAnna Eleanor Roosevelt (/ˈɛlɨnɔr ˈroʊzəvɛlt/; October 11, 1884 – November 7, 1962) was an American politician. She was the longest-serving First Lady of the United States, holding the post from March 1933 to April 1945 during her husband President Franklin D. Roosevelt's four terms in office. President Harry S. A member of the Roosevelt and Livingston families, Eleanor had an unhappy childhood, suffering the deaths of both parents and one of her brothers at a young age. Though widely respected in her later years, Roosevelt was a controversial First Lady for her outspokenness, particularly her stance on racial issues. Following her husband's death, Eleanor remained active in politics for the rest of her life. Personal life Early life Anna Eleanor Roosevelt was born at 56 West 37th Street in New York City, to socialites Elliott Bulloch Roosevelt (1860–1894) and Anna Rebecca Hall (1863–1892). From an early age, she preferred to be called by her middle name (Eleanor). Other relationships
Woodrow WilsonIn his first term as President, Wilson persuaded a Democratic Congress to pass a legislative agenda that few presidents have equaled, remaining unmatched up until the New Deal in 1933. This agenda included the Federal Reserve Act, Federal Trade Commission Act, the Clayton Antitrust Act, the Federal Farm Loan Act and an income tax. Child labor was curtailed by the Keating–Owen Act of 1916, but the U.S. Supreme Court declared it unconstitutional in 1918. Wilson also had Congress pass the Adamson Act, which imposed an 8-hour workday for railroads. Although considered a modern liberal visionary giant as President, Wilson was "deeply racist in his thoughts and politics" and his administration racially segregated federal employees and the Navy. According to Wilson biographer A. Scott Berg, author of Wilson, an 815-page biography; "No matter what time you lived, some of the things Wilson said and did were racist. That being said, I do think that for his day, he was a centrist.
Cassy FianoA.K.A.Federal Reserve ActFederal Reserve The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch. 3) is an Act of Congress that created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes, now commonly known as the U.S. Dollar, and Federal Reserve Bank Notes as legal tender. The Act The Federal Reserve Act created a system of private and public entities; there were to be at least eight, and no more than 12, private regional Federal Reserve banks. With the passing of the Federal Reserve Act, Congress required that all nationally chartered banks become members of the Federal Reserve System. Background Central banking has made various institutional appearances throughout the history of the United States. The First Bank of United States The American financial system was deeply fragmented after the revolutionary war. The 2nd Bank of the United States