Industry
8
Known throughout the world of finance and sought out by presidents and potentates, the legendary House of Morgan helped bankroll the industrialization of America. J. Pierpont Morgan’s influence was such that, during the Panic of 1907, he orchestrated everything from the rescue of individual banks and trusts to the bail-out of the New York Stock Exchange. In 1913, acquiring “the Corner” for his bank’s new headquarters cost more per square foot than any prior Wall Street real estate transaction, yet in an age of skyscrapers Morgan’s new home rose just four stories. The intentionally unused space above testified to the company’s unprecedented wealth and power better than any new tower could have done.
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New York, New York · United States
