John Pierpont Morgan: The World’s Bank
ฝัง
- เผยแพร่เมื่อ 2 มิ.ย. 2020
- Check out Squarespace: squarespace.com/biographics for 10% off on your first purchase.
→ Subscribe for new videos four times per week.
th-cam.com/users/biographics...
This video is #sponsored by Squarespace.
TopTenz Properties
Our companion website for more: biographics.org
Our sister channel TopTenz: / @toptenznettop10
Our Newest Channel about Interesting Places: / @geographicstravel
Credits:
Host - Simon Whistler
Author - Chase Kiddy
Producer - Jennifer Da Silva
Executive Producer - Shell Harris
Business inquiries to biographics.email@gmail.com
Other Biographics Videos:
Croesus: All the Money in the World
• Croesus: All the Money...
Robert Hanssen: The FBI Mole who Spied for the KGB
• Robert Hanssen: The FB...
Check out Squarespace: squarespace.com/biographics for 10% off on your first purchase.
2 weeks ago eh. Now we know was really first!
@@andrewroy6376
Lol
albert pierrepoint please
Im actually a descendant of Sturges. Btw Checkout Sturges Cottage in Fairfield. Still in the family. One of the most advanced houses at the time of it's build. Including plumbing and a toilet. (The White House didn't have one) No one in politics ever stayed at the Governors. They always stayed at "The Cottage"
Hey can you make a biographics of Santa ana
“Go as far as you can see; when you get there you’ll be able to see farther”
J.P Morgan
Having lost his wife at 24 and almost losing his life on the Titanic, I think his quote about "no money amount to the loss of life" came from his heart.
Plot twist... out of the 7 major investors that was on the titanic only JP morgan survived it to collect the insurance money... strange isnt it
@@jonnhyappleseed7498 😂
Most children born before vaccination were sickly. Even wealth was no barrier against an early death.
He wasn't on the Titanic because he was warned and it would heavily benefit him for those who did ride on the ship to go down with it.
Until you pay someone so you don't go to war 😂
How many times are we going to hear a person's story that includes "he was a sickly child"? Must be something about being sickly that drives people to be historically interesting.
I think it’s due to the fact you’d probably struggle to find any child of the early 19th century who we today wouldn’t consider sickly. So when we look back at historical records and see ‘at 7 he had polio’ or whatever we think that’s crazy when in reality so did another 9 boys in his class who went on to no fame
Another thing is that, depending on the sickness, it could be a life threatening experience especially for a kid. After tasting what death feels like, it wouldn't surprise me that he would never waste his life and that he would drive himself to be the best at what he did.
@@app103 you guys really nailed the analysis with breaking this down.
My mother was sick when she gave birth to me, which required me to be put on antibiotics during the first two weeks after I was born, so my immune system didn’t have the opportunity to develop like most people.
I was frequently ill throughout my childhood, and my mother had chosen to homeschool me from the beginning of my education.
Long story short, I was managing an institutional trading desk (primarily concentrating on derivative products) by the time I was 20. When everyone wants to bet against you as you’re growing up (ex. Always being picked last, etc), you decide to either accept mediocrity or prove everyone dead wrong. People always regret betting against the person they assumed would be a nobody, once they realize that they could have been one of the people remembered for supporting that person along the way.
I’m 27 now, yet haven’t come close to doing anything I myself consider to be impressive yet. Impossible is just a word for people that lack imagination.
@@app103 lol, it's funny that you think kids during those times had time to play. Until about 100 years ago (or a little less), children as young as 9 were already working in factories - fields before that.
You're right that sickly kids couldn't work and thus ended up learning more, but their counterparts definitely didn't enjoy the things kids these days do.
@@app103 that's because most don't survive
My sincerest congratulations to Simon, a British man, for saying "Fanny" without giggling.
Wait, Simon is British?
Man you can tell
that guy. Yes he is
I wonder how many takes it took to get it right
Fanny, take a load off!
“The person who doesn't know where his next dollar is coming from usually doesn't know where his last dollar went.”
@BLUE DOG Not biographics. TH-cam itself is deleting comments on every channel.
On food probably.
Great quote!
Okay I haven't finished the video but damn. His wife died 4 months after they got married, and it was basically all him taking care of her. That is true love
Absolutely horrendous. Imagine losing your wife after 120 days. Very sad. Probably made him even more heartless.
@@philiposborne982 I mean if I lost my wife I'd lose all sense of morality and empathy
@Mykko Zharley Ferrera E X A C T L Y L I K E S T A L I N D I D
Well that’s because only women, children, and puppies are loved unconditionally.
"And to think, he wasn't even a rich man."
~John D. Rockefeller, on Morgan's death
Morgan seemed to be after power and influence more than just amassing personal wealth. Few men can say that they saved the entire US economy on a number of occasions. Larry Fink of BlackRock does not have nearly as much personal wealth as Elon Musk, Jeff Bezos, or Bill Gates. But Fink controls 7% of the world economy, $10 trillion.
Larry Fink, the CEO of Blackrock, is so similar to JP Morgan.
That quote is from Andrew Carnegie. Not from rockefeller.
@@maheshraveendra1995Really? I could have sworn it was Rockefeller.
He really looks like the Monopoly game mascot. Perhaps he was the inspiration.
That was Rockefeller. But it wouldn't shock me if Morgan was a parallel inspiration.
Beaten up at Shawshank
@@nickkester4486 Actually, it was J.P. Morgan as the little monopoly guy, Rich Uncle Moneybags.
I thought you meant Simon
ya think?
A video about the Rothschilds would be great to see.
@Tyler Durden correct.
That might be easy to make, here is Rothchilds family and here is what they own (shows the whole world) lol
@@412Driven whats more interesting is how they got to have what they have today. Hitler would look like a naive puppy by comparison, if any of that were to come out.
It would be hours long, it's such a damn rabbit hole.
You’re in luck, simply Google the Rothschild banking empire and pay especially close attention to the list of banks that they control worldwide! Also continue scrolling down For even greater surprising edification?
*"Gold is money. Everything else is credit."* -J.P. Morgan
Brains Applied, And Tricky King Dickey took us off the gold standard.
@@Claytone-Records when he went to china?
Maggie Mae, In my recollection, yes it was around the time he visited China.
@@maggiemae5582 - Nixon went to China in 1972 and took the US off the gold standard in 1971.
@Tomas Neshoba.holba he knows everyone should know
I feel like Simon doesn't even have to read the SquareSpace advertisement script. He just knows it by heart now
A history of his involvement with Thomas Edison alone could take up hours. They spearheaded the creation of the electric grid in New York.
He shafted Westinghouse and Edison.
@@clydeblair9622 Westinghouse and Edison were bitter rivals at the time, what with the War of the Currents still bzzzt'ing at the time. If anything, Morgan stepped in and told them to knock it off.
With Edison, he basically shafted _himself_ in the end. Edison's stockholders got tired of the War of the Currents (in no small part because the AC competition was making bigger profits, business blame that really _could_ be placed on Edison's shoulders), so they collectively forced him out and merged the company with... uh... that other really big one at the time that escapes me right now xD, forming General Electric.
@@josephschultz3301 Correction: Morgan screwed Edison and crushed Tesla and Westinghouse.
There's a gorgeous pink gemstone called Morganite named after him by the man he sent out on a quest to find rare stones
Yep i want one so much
I love morganites
"If you have to ask you can't afford it"... that's how I feel when I'm at the dollar store! Lol
Let me rescue you. I have many dollars.
@@lostintime8651 You mean you gotyou some of that fancy foldin' money?🤣😂🤣😂🤣😂😇
2 funny
@@lostintime8651 lol yhere ya go help um out we can share for the dollar store
Go in 4 one thing come out with 20 items lol
@@angelsunshine9620
Ahaha
2:05 - Chapter 1 - International boy of Mystery
6:25 - Chapter 2 - Love & War
9:45 - Chapter 3 - Show me the money
14:15 - Mid roll ads
16:00 - Chapter 4 - Becoming the bank
21:30 - Chapter 5 - If you have to ask...
27:20 - Chapter 6 - The three bank legacy
Fs
Fs
"Everything is a rich man's trick".
For another day or two...
Great book!
The youruber useful charts did a video on them I would recommend it!
Give a man a gun, he will rob a bank
Give a man a bank, he will rob the world.
Give a man the world and he will Rob your soul.
Jesse James was in the wrong business. Vaughn
If you're interested in JP Morgan's involvement in railroads, I've just read a fascinating book called Harriman vs Hill by Larry Haeg in which Morgan figures prominently. The book goes into unimaginable detail, both about the stock market at the time, the railroads and the life and times of the so-called robber barons.
Thank you i will look into it
Simon: Aetna was bought by CVS for $69 billion
Me: Nice
Nice
Nice.
Nice
Nice
Nice
It's fitting that Alexander Hamilton comes up in a video about banking.
TheFashionbugs Because he was the first Treasury Secretary of the US and designed a large part of the original financial system.
(edit: spelling)
One of his company's called: International Mercantile Marine was the one that was involved with the Titanic construction.
That would be Harland and Wolffe
White Star was the registered owner. Harland & Wolff built her and her sisters.
The Horse Outside he literally mentioned it
Yea I watched/heard that in the video
Another insightful biography. I found his story interesting. Keep up the good job.
You should do a video on the federal reserve! :D
Audit the Fed! Yea he should do a video
The next one of these would be hosted by someone new, if he really got into the weeds of the scam that is the Federal Reserve. RIP Simon - 2020
@@AgentM3tallion Exactly. The US Federal Reserve: Most corrupt organization ever on earth.
@@dougbourdo2589 The funny thing is that the fed is on your side, the fed is on the side of Americans like any central bank. They are on a constant battle with the Government on making sure the Government doesn't abuse their power and do terrible things like trigger financial chaos like so many other countries. Yes they have allot of money and power and yes they keep things secret but it is for our own good. They stand almost alone in a very hard battle every single minute to make sure our economy keeps going . The US is the destination of investment money from all over the world and that is allot of risk involved with that responsibility so you need a strong and independent organization like the Fed to fulfill that honor. If there would be one mistake the money will flee the US and probably send the country in to decades of financial trouble. The FED is really critical piece and auditing it could cause massive chaos which cant be allowed to happen if we want to keep living the way we do. Conspiracy believers just don't understand the implications of auditing an organization holding our economy country together and the more you learn that then are on your side the less sense that makes.
Why he would just present them they want big govt lovers to present them as.
Fascinating. I'm addicted to learning. Thanks for helping me with this.
He looks like “Stalin” and “Harry the Hatchet”
Except he’s a good person
😂 'Atchet 'Arry
Just a note, the rifles shown when leading into the Hall Carbine Affair segment are most certainly NOT Hall Carbines. The look to be some version of a Lee Enfield, a much later design and very successful.
The biggest financial disasters came after the creation of the Federal Reserve though...
Yep. They were partly responsible in worsening it.
Nope it's only usually came when conservative govts deregulated wall Street & the market, letting the speculation run rampant.
I think people don't realise how frequent financial disasters were happening before federal Reserve.
We had a brutal depression when Andrew Jackson "killed the bank", didn't renew then national banking system. Then almost every 5 year US had economic crash of some kind.
A central banking system over looking rest of the small & medium size banks is a must necessary system in every country. But that central banking system shouldn't be completely outside the jurisdiction of the national government.
@@epa2349 Yet the biggest crashes happened after the creation of the central bank so that doesn't help the argument that they're necessary. Theyre a big reason as to why the crashes are so big. Crashes are part of the system and no amount of central planning can change that. How do you expect a small group of people to possible know how to manage a system of millions of people? They can't. Theres a reason why they didn't want a central bank. They weren't stupid people who were ignorant about financials.
The economy grew exponentially in the 20th century and so economic disasters grew exponentially in their severity as well. As bad as the various economic meltdowns have been since the start of the 20th century, they would have been much worse without the Federal Reserve.
@@varunrajesh6516 A lot if not all of them were caused by the Federal Reserve so know we don't need a Federal Reserve. I dont know what makes you think a handful of people have the knowledge or expertise to manage a constantly changing economy of about 340 million which is further connected to an economy of more than 7 billion. Economies crash. It's part of the system and no government agency can change that which is why they always fail in doing so. It's interesting how the Great Depression happened less than 20 years after the creation of the Federal Reserve.
Quite surprised to see an old pic of the US Steel Fairfield steel works plant on Biographics. I grew up around Birmingham Al and have passed it many many times. Very cool to see something from my neck of the woods. 👍👍
Please do George Westinghouse. America's greatest industrialist who also didn't treat his workers like cattle.
Yeah. He's behind the supply of motors and streetcars to accelerate American public transportation in the 19th century
I got an ad for 'Masterclass' on this video. They should pay this guy to make a masterclass on storytelling, education, or video or lesson making. I don't make video's but I'd still want to see it. A true master at his craft.
Good idea.
I can’t believe how good these videos are! Thanks!
My parents sent me to azorre islands every time I was sick as a child.
Please do videos on the following people:
1. Dennis Rader
2. Jack London
3. Upton Sinclair
4. Jack Ketchum
5. Jane Austen
6. Anton LaVey
7. Richard Wright
Don't forget j edger hoover
Cody Ingram they already did that
Rami Ungar the Writer they occasionally take requests in the community tab but you also need to explain why you want that person and not just list names
As a Business student this is very inspirational
Suleiman the Magnificent pls
Seamless intro to Squarespace! Of course, another excellent Biographic
Can you do a geographics vid on the Azores Islands? I've been wanting to learn more about them, and no one does it better than the great Simon.
His credibility on the subject is a little bit suspect, since he referred to them as "Azore Island" in this video
Would love that, too. Was supposed to visit there on our one and only cruise, but the weather precluded docking. Was told by another passenger she had been on by there on various cruises 4-5 times (can't recall now), and she'd yet to set foot there!
hang on, you make it sound like the federal reserve is not a privately owned bank
Agreed
It's not..
@@roniquebreauxjordan1302 Keep that head in the sand if it makes you feel better
@@fruitgums honestly, who owns the federal reserve?
@@macgmol159 Not the Federal Government, it is a private company, just search mate, cause I cannot be arsed to educate you on something that is so well documented already
Thank you for these videos. They are very helpful!!!
Simon, you are the best presenter of facts that I have ever known. I am certain you work very hard but you make it seem easy. There has never been one of your Productions that I wasn't immediately enthralled with. So thank you very much Simon for such great content and even better presentation.
couldn't agree more
Like always, you videos are amazing!
The narration was so effective that the advertisement sounds like historical.
Fantastic video. Thanks.
Outstanding Bio!
very interesting point about why the federal reserve was created...now it's time for me to go down that rabbit hole!
Because the government is bad with money
@@picolete Money is control
Do you think Trump is in control.
You'll never get out of that rabbit hole.
A free market and an honest government would level the playing field, there’s nothing wrong being filthy rich if you provide honest value and innovation, the modern money class don’t need anymore help from tax payers!
Jody Owen how do you figure that? I’ve never heard of a free market with equality of outcome!
@@benchippy8039 that's because it doesn't. It's better have capitalism with unequal outcomes than socialism which results in equal misery.
And pay ALL of your taxes.
Honest govt lmao
Kevin Eckelkamp I know, there’s more chance of the tooth fairy running for office
"His paternal grandfather Joseph Morgan was one of the founders of Connecticut Aetna Insurance Company, a successful business venture that grew and evolved over the decades and was recently bought by CVS Health Corporation in 2017 for 69 Billion Dollars!"
Nice!
Thanks for in Lighting me about so Much ! Can't get enough of U ! Only if I knew when I needed U ! 👍
Absolutely amazing video!!!
I know of one of JP Morgans failures. The New York New Haven & Hartford Railroad. Its growth in the Northeast part of America (at his guidance) would cause a bunch of issues for that railroad later in its life. And at the end. The New York New Have & Hartford Railroad would be merged into the Penn Central until its collapse.
Don't panic, Scrooge, but you're about to crash!
I'm J. P. Morgan, the Ghost of Rich Dudes Past, who's properly rocking the Monopoly mustache!
Yo, I own the railroad! I run these tracks!
ERB?
@@TheHorseOutside Has to be.
He knew the titanic was gonna go down as an insurance fraud
Conspiracy theory
That sponsor spot was EXTRA bahahahahaahaahahahaaha
All the coughing! These days whenever I cough (as I shovel dry/raw food into my gullet) I have a panic attack, even though I have several underlying conditions which are what will likely kill me. Also my really cool & highly educated ex-husband, a nurse manager, once told me the 1 thing he fears at work is TB, nothing else. Though that was before Covid
The only demographic under a 99% recovery rate are elderly with pre-existing conditions - precisely the people most succeptible to flus already.
Treated or not, many flus have been far worse than covid-19 - much of the 'BIG FEAR' about it is internet-driven. The damage ~everyone~ bears from it is politically-exacerbated economic turmoil. Panic/unpreparedness exacerbates anything, as evidenced by the stats/riots/murders in areas under Democrat 'leadership'.
Can you can some videos on actresses and actors from the early 1900 till 1940. Please and thank you with a cherry on top!
Great work Simon
The rifle you illustarated was a British #1 MK3 Lee Enfield .303 cal.,not a Hall carbine.
Minor point, carbines are typically used by cavalry not infantry. They are shorter than normal rifles and so easier to use from horseback.
Honestly,it reminds me of today. Thank you Simon and team. Happy Halloween 🎃🦇💀👻🤡
Another awesome video!
Fun fact: In Caleb Carr's novel "THE ALIENIST, one of New York's criminal bosses called Morgan "The Nose" for his rosacea.
I don't understand your comment. What did his baldness have to do with his nose? (Or am I totally missing something?)
Alopecia means you're bald
113 DmG He had some illness that disformed his nose. Most photos of him had to be retouched to hide that. His nose was swollen and red.
This word alopecia, I do not think it means what you think it means.
Rosacea, not alopecia.
You get youtube premium to avoid ads only to have them advertised as part of the video. Great video overall though.
Could be worse could be a raid shadow legend ad 😉😂😂
@@a.ftp4207 that is true. Some of those games look so stupid. In a way I can see why they do it because TH-cam demonitises alot of stuff that isnt even offensive.
I would love to see a video about the art that J P owned !!!!
It would be interesting if you explore the connections between Tesla, Morgan and Edison, there was a lot of drama that spearheaded the founding of GE and the what happened to the Tesla tower?
These are always great, in light of everything going on right now with protests and activism, would love to see one on stokely carmichael and cointelpro. I've been sharing the one done on Malcom X last year quite a bit.
Team Evil = J.P Morgan , Rothschild , Rockefeller
Team good guys = Strauss , Guggenheim , Astor
Guess which 3 Died on the Titanic???....Titanic was never going to reach it's destination.
Never knew I needed to know this but definitely interesting
The mustache immediately says “evil.”
do a bio on carlos slim the billonaire.
That guy is so wealthy its mind blowing and he was super smart. Dude hit the genetic lottery
John D. Rockefeller on Morgan's net worth "and to think, he wasn't even a rich man"
Yea when simon said he was only worth about 1 billion i was shocked
Thank you Simon.
Good stuff
I know they are not related, could you do a bio on Albert Pierpoint please Simon.
Great follow up would be the 'Chicago Plan Revisted'..
I love how you closed the video by giving J.P Morgan his flovers! Good writing ❤️🚀
Video 4 of asking for Pedro II Of Brazil
Incredible man.
Excellent... Excellent video! 🤓😀🎉 It's super educational! 😀 Keep them coming! 😀 🎉
This guy makes quality content
Get your graphics in line. The 'carbines' pictured are not contemporary with the time frame.
Present-dayJ.P. Morgan is bad to the bone . E.g.,bought my Land Rover in Nashville . Prior thereto, I had cash in JPM account to wire to seller . I set up details of wire transfer (name of seller , his bank info , and amount of sale). Everything done, I flew to N'ville to pick up my car . JPM REFUSED to complete transaction forcing me to drive to Bowling Green Kentucky (nearest Chase Bank) in order to free up my OWN cash . Incurred hotel fees, rental car fees and wasted time . JPM ridiculed my claim for compensation ! Nuff said
One thing I've taken from this more than I ever did in my finance masters.... The American economy was far far far more sensitive to failure than thought.
And this is where I request a Titanic, and her sister ships, episode on your Mega Projects channel.
My favorite TH-camr Nokap💯
please do Charles Lindbergh!
E L Doctorow’s description of him in Ragtime is rather fascinating
The man who helped White Star build Olympic, Titanic and Britannic.
The creator of the monster from Jeckyl island, he's responsible for the mess, him and his cronies did a right number on "We the people" Relinquishing control of the countries money to a private entity was a massive mistake. JP Morgan also known as a robber Baron. This guy makes him sound like a hero, he was what is worst in the world. A shame he didn't change the world for a better.
“Fanny was not Pierpont’s one true love”
*bisexuality intensifies*
This specific bisexual does not relate 🤣🤣🤣🤣
@@502tamales5 yuck 🤢
@@502tamales5 women don't belong with women.
@@mrsx7944 only the gay ones that want to live happily ever after with another woman :) 😘
Thank you so much for doing this one! I have been a fan of JP Morgan for years now and always enjoy content about him. Keep up the great work Simon!
“...industrialized economies began to reward men not for wholesomeness or morality” Simon you know I love ya but please tell me that’s sarcasm or I just misinterpreted that as referring to nobility getting their riches from being morally good rulers
I guess it means that the nobles at least bothered to pretend to be moral. The billionaire class doesn't.
Yeah, sometimes the writing in these videos are laughable at best
Great video. Good to know. I don’t like chase bank but I’m still a customer for now
I'm related to Amelia Sturges, my 4th cousin 5x removed. Sure we are barely related, but it's still cool to see her in a video like this.
Horatio Nelson video?
Idk if they could do a video long enough for him... I could go for a half Horatio Nelson video
It would’ve been nice if you’d had a picture of the real hall carbines, not lee enfields. Sorry I’m a stickler for this stuff
Lol wish i was better
I used to be like an encyclopedia
But ive had a mimi stoke several the drs. Said
I vcant recall much.
I’m not going to lie the video is interesting but the voice it soothing
Please do a Ferdinand Pecora bio! The lawyer who got Glass-Steagall passed.
How about a video about "Lucky" Larry Silverstein?