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Chapter 1811 Legend

"Hello, I'm Colin Morgan." The boy who just shook hands with Kim Myung-ho looked at Kim Myung-ho introducing himself. "Morgan family. I've been keen on for a long time." Kim Myung-ho nodded with a smile. Many people have heard of the name of the Morgan family, but many people always fantasize about the real Morgan family and don't really understand it. The Morgan family is a businessman family. Its ancestors immigrated to the United States in the gold rush in the New World in the early 17th century and settled in Massachusetts. When Joseph Morgan, the grandfather of John Pierpont Morgan, sold his farm in Massachusetts and settled in Hartford. The Morgan family has always continued the business tradition of survival. Joseph Morgan is also the person who has accumulated the first foundation of the Morgan family.

. He initially runs a small cafe. After a little savings, he first invested in a very grand hotel, and then bought canal stocks and became a shareholder of the steamship and railway industry. However, what really shows his nature as a speculator and adventurer is his investment in the insurance industry. The success of the Morgan family is a microcosm of Wall Street's success. The "Morganized management system" created by the Morgan family still rules and influences everything on Wall Street. This business idea and strategy runs through the entire process of capitalism from childhood to prime. There is a saying, "It is not law to promote history, but money, just money!" This sentence has been studied by many people.

The supreme saying of the Morgan family. Joseph Morgan accumulated the first foundation, but what really created the Morgan family empire was George Peabody, the founder of the founding period of the Morgan Empire. In 1835, American businessman George Peabody came to London. At that time, the United States and even the whole world were experiencing the crisis brought about by the "new economic bubble". People rely on loans to build railways, canals, and highways crazily. People do not want to "pay" to use these new things like the Internet. At this time, Peabody was seeking loans from British banks for Maryland, the United States. He was very patriotic. He presented a feast for more than a dozen British bankers (it was probably similar to the Chinese banker Hu Xueyan of the same period to invite people to eat "flower wine".

”), he persuaded them to believe that Americans are not liars, and he also kindly threatened, "Only by continuing to provide new loans to the United States can you ensure that the previous loans can be repaid." So the proud British banker allocated another USD 8 million to Maryland. The British said, "Peobody borrowed the money on his own face." And, in order to reduce the British's prejudice against Americans, he resolutely gave up the $60,000 commission paid to him by Maryland... Peabody was very talkative, but his appearance was mediocre and not very popular with the British. People never thought that he was the founder of the noble Morgan consortium. Later, Morgan, whose partners were famous for their family, were beautiful and fashionable.

The more well-known J.P. Morgan, his father, Juniors, was a wealthy businessman in New England. In the 1950s, Juniors was employed by George Peabody. They had a prosperous business and successfully introduced a large amount of British hot money into the United States, which was extremely scarce. Juniors was determined to pass his shipping to his descendants. He severely asked his son Pierpont to take over the family industry, help him choose courses to study in Switzerland and Germany, and arrange for him to be an apprentice on Wall Street, and all major events are possible.

The reason why George George Peabody had no children in his life and no one inherited his huge industry. He took great pains to this end and finally decided to invite the young Junius Morgan to join. After George Peabody retired, Junius Morgan took over all the business and changed the company to Junius Morgan. And the person who really made the Morgan family stand on the top of the world was J.S Morgan, whose first wealth was won through coffee beans. His father funded him after seeing his son having such a good vision, and actually let Mother

The rise of the Ron family was during the Civil War. At that time, gold was still the mainstream currency that could be settled directly. So at that time, J.S Morgan thought that gold could be made, and then through various operations, including joining the famous British merchant skins to buy gold and spread fake news. However, because at that time, there was not as many news channels as it is now, people who noticed something was wrong carefully calculated and found JP Morgan. However, there was no way. Every wealthy family would accumulate gold. But because gold was mainstream at that time.

Currency, so the war between the United States and the United States began to raise prices, and the price of these things increased, and the price of gold naturally rose. As long as people with a little culture knew that they would buy low and sell high in business. In the end, the Civil War ended, but the United States had to return gold worth 1 million pounds to Britain, one million pounds in the 19th century. This time, the title of JS Morgan was completely launched. Later, with JS Morgan's precise calculation step by step, the title of JS Morgan became more and more famous.

What made the Morgan family continue to grow and grow was to intervene in the Sascohana Railway, which is a major artery connecting industrial cities and coal bases in the eastern United States. It starts from Albany, the capital of New York, and goes to Bingamton in northern Pennsylvania. It is more than 220 kilometers long. There are many railways in Bingamton City that lead to various coal production areas and is a famous coal distribution center. Moreover, this railway connects to the Erie Railway in the south, reaches Chicago, the important city in central America, and the steel and oil from Pittsburgh can be passed through.

This arrived in New York. So in the eyes of industrialists, the Sascohana local railway was simply a way to transport money. At that time, the railway was the main transportation route, so many people were attracted by this railway. Later, the investors who dominated the speculative industry at that time broke out in the formal competition for the railway. These speculators first used Wall Street's financial austerity policies to print fake bonds, took half of the railway company shares in their hands, and then bribed officials to exempt the railway company from the railway company.

The position was cut, but these young speculators did not expect that these people who were making a living on the railway would be so irritable. It was directly when the speculators were about to take over the railway flight. Under the leadership of the railway company's president, the battle started. Later, the government had to send troops to mobilize the army. It stopped it. After this incident, the president of the Railway Palace Company was also annoyed and asked someone to find .js Morgan. Morgan considered it for a while before agreeing, and then made some requests and felt that these speculators were the last time.

If you use shameless tricks, you can give them one trick. The railway company restored its rights to the railway, and the railway also had shares in the Morgan family. Later, with the development of the steel industry, the Morgan family expanded again. Then it began to purchase national bonds from various countries and then rectified the financial industry. In decades, the Morgan family became a behemoth. Later, due to the rise of other families, the Morgan family began to divide, which was also an insurance strategy, and it has been until now.

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