John P. Morgan, Jr.
Morgan Jr. continued his father’s methods and policies in dealing with industry, railroads, banks and other institutions and grew J. P. Morgan and Company’s business. He made his most important impact through government-financed projects during World War I. From early 1915 until the United States entered the war, his company handled orders for more than $3 billion worth of war supplies on commission. He also gained a strong reputation as an expert in the recapitalization of national debts.

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