These industries created jobs, expanded markets, and changed the workforce. John Pierpont Morgan was one of the many influential industrial leaders that changed the American economy forever. Pierpont’s father had primed his son to become a great banker. His father combated his weaknesses (weak health and bad temper) by stretching his influence over aspect of his son’s life and he constantly tested his son’s intelligence. Due to this, Pierpont was able to identify beneficial opportunities for future investment and he would usually negotiate these investments with a non-traditional approach to business. An example of this would be during the civil war, when Pierpont financed a deal so Arthur Eastman could purchase obsolete rifles from the U.S., later modify them, and sell it back for six times the original price. Pierpont’s tactics for conducting business for conducting business were very straightforward. Pierpont’s deals were on a take it or leave it basis which earned him a reputation of being brusque and abrupt but also fair. He was not driven by a tremendous desire for money but for setting finances right and doing things the right way.
These industries created jobs, expanded markets, and changed the workforce. John Pierpont Morgan was one of the many influential industrial leaders that changed the American economy forever. Pierpont’s father had primed his son to become a great banker. His father combated his weaknesses (weak health and bad temper) by stretching his influence over aspect of his son’s life and he constantly tested his son’s intelligence. Due to this, Pierpont was able to identify beneficial opportunities for future investment and he would usually negotiate these investments with a non-traditional approach to business. An example of this would be during the civil war, when Pierpont financed a deal so Arthur Eastman could purchase obsolete rifles from the U.S., later modify them, and sell it back for six times the original price. Pierpont’s tactics for conducting business for conducting business were very straightforward. Pierpont’s deals were on a take it or leave it basis which earned him a reputation of being brusque and abrupt but also fair. He was not driven by a tremendous desire for money but for setting finances right and doing things the right way.