The story of the Morgan family and its banking empire is the story of the most powerful class of financiers ever. In the 19th century, gentleman bankers such as John Pierpont Sr. were austere aristocrats who did business with only the most powerful corporations and individuals, enjoying monopolistic control of the nation’s wealth. Though the legacy persists, these days the family will give a handshake and a smile to anyone who can plunk down the minimum amount for a retirement fund. [Sue Herera Annotation]
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