J.P. Morgan and Ragtime Essay -- essays research papers

John Pierpont MorganThe put to work of the century in American, when E.L. Doctorows novel rag is set, was a time marked by rapid technological developments and industrialization. These geezerhood also brought a heavy flood of immigrants as well as an increasingly urban American landscape. Technological advancements enabled increased efficiency and visual sense production. However, Doctorow distinctly brings into question the consequences of this new technology for the average American worker. J.P. Morgans word with Henry Ford about the assembly lines innovations brings this pass on to the front. Doctorow writes, "From these principles Ford established the final proposition of the theory of industrial assembly - not only that the parts of the finished product be interchangeable, plainly that the men who build the products be themselves interchangeable parts" (113). Here Doctorow clearly addresses the potential for technology to undermine the value of the individual a nd his abilities.Banker and industrialist John Pierpont Morgan was wholeness of the domain of a functions foremost financial figures in the decades before World War I. He organized railroads and formed the United States Steel Corporation. His wealth and financial circumspection skills were so considerable that he was able to steer the United States exchequer from the brink of disaster.Morgan was born in Hartford, Connecticut, in 1837, and educated at the University of Gottingen in Germany. In 1871, with members of the Drexel family of Philadelphia, he organized the New York banking plastered of Drexel, Morgan & Company. It began bestow vast sums to railroad builders and industrial corporations in the 1880s and was later reorganised as J.P. Morgan and Company.As noted by Erin Arvedlund, he was a lifelike born financier and loved spreading his bank account among rafts of different foreign currencies. John Pierpont Morgan and his father established a firm that was later to b e known as J.P. Morgan & Co. Throughout Ragtime, E.L. Doctorow invariably refers to the economic status of the families and immigrants. J.P. Morgans companies and firms were large employers of these immigrants. His achievements in finance and line of descent greatly affected the families in this novel. Money was something that could break a family apart(predicate) if it was nonexistent. In 1857, John Pierpont Morgans father, Junius Morgan, decided to broaden... ...d genius that man feature (Lindstrom). John Pierpont Morgan is considered one of the founding fathers of the modern United States economy.Despite at odds(p) opinion on his persona, his influence and character shaped the business world more so than any other person at the turn of the century. Morgan was a banker, railroad czar, industrialist, financier, philanthropist, yachtsman, and ladies man (Jones). He was an industrial genius that is accepted with the founding of many companies including General Electric and AT&T. However, Morgan is looked upon as a saint and demon the same (Arvedlund). He received a honorary degree from Harvard university that read Public citizen, patron of literature and art, prince among merchants, who by his skill, wisdom and courage, has twice in times of stress repelled a subject field danger of financial panic.Arvedlund, Erin. Unmasking J.P. Morgan. 2000. 9 Apr. 2003Doctorow, E.L. Ragtime. New York Plume, 2003.John Pierpont Morgan. Microsoft Encarta cyclopaedia 2001 Standard. 2003.Jones, Lisa L. A Collectors Portait John Pierpont Morgan (1837-1913). 2003. 9 Apr. 2003 Lindstrom, Diane. John Pierpont Morgan. 2003. 9 Apr. 2003.