What Is Morganization

Morganization refers to the strategy employed by J.P. Morgan in the 19th century to create industrial monopolies. He identified weak or small players in a particular sector, such as railroads or steelmaking, and effected a series of mergers, ultimately crafting powerful monopolies.

What strategies did J.P. Morgan use?

J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. He reorganized several major railroads and became a powerful railroad magnate. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester.

What did J.P. Morgan do for philanthropy?

Morgan’s personal wealth was enormous, and during his life he used substantial portions of his wealth in philanthropic endeavors. He donated to charities, churches, hospitals, and schools. He also accumulated a huge collection of art. When he died in 1913, much of his collection went to the Metropolitan Museum of Art.