STRANGE J.P. Morgan: The Documented History
JPMorganChase's own history says J.P. Morgan died in 1913 and the Federal Reserve was established in 1913 'shortly after Morgan's death' — so he did not create the Fed.
John Pierpont Morgan (1837–1913) financed the railroads, steel and utilities that industrialized the US; formed U.S. Steel (1901). Died March 31, 1913 — months BEFORE the Federal Reserve Act (Dec 23, 1913). He did not create the Fed.
Evidence status: Confirmed by primary sources — court records, government reports, declassified documents.
AI DOCUMENT REVIEW
Generated from the primary source document. How we review.
AI review of JPMorganChase's official 'History' page, read in full (11.6k words): - Morgan's firm 'was largely responsible for financing and organizing the railroads, steel, and utility companies that established the United States as a modern industrial power'; he stemmed international panics in 1893 and 1907, in the latter acting as the country's 'de facto central bank'. - His stated credo: in a 1912 Senate Banking Committee statement he said 'the first thing is character, before money or anything else.' - Death and Fed: 'After Pierpont's death in 1913, his son, J.P. Morgan Jr, better known as Jack, took over as senior partner of the firm'; separately, 'in 1913, shortly after Morgan's death, the US established its much-needed central bank, the Federal Reserve.' The sequencing on the page directly supports the record's claim that he did not create the Fed. - Note on record-summary accuracy: the page gives the year 1913 for both events but not the exact dates (March 31 death; Dec 23 Fed Act) or the 1901 U.S. Steel formation — those specific dates do not appear on this page.