Morgan Financial Group is one of the top ten consortiums in the United States.

It was formed at the end of the 19th and early 20th century and was a monopoly capital consortium that dominated the American economy.

Founder J.\nP.\nMorgan, based on his father J.\nS.\nMorgan assets, founded Drexel-Morgan in 1871, and engaged in banking businesses such as investment and credit.

The partner died in 1894, and was solely owned by him. In 1895, he changed his name to Morgan, and used the company as his base to expand its power to various sectors of finance and economics (such as steel, railways and utilities), and began to form a monopoly consortium.

In 1912, the Morgan consortium controlled 13 financial institutions with a total assets of US$400 million. Among them, Morgan was the strongest and dominated the American financial industry. The financial boss of Wall Street called Morgan a "banker's banker."

During World War I, the Morgan Consortium made a fortune and after the war, it infiltrated various sectors of the national economy with its strong financial capital.

In the 1930s, the total assets of large banks controlled by the Morgan Consortium accounted for more than 50% of the eight major consortiums in the United States at that time.

As the competition between consortiums continues to intensify, other consortiums all regard Morgan as the main target of the offensive, their strength and status have declined relatively. They were once surpassed by the Rockefeller consortium. In order to restore the decline, it took a variety of measures.

In terms of finance, we use a strong financial foundation to expand our strength. In terms of industry, we actively explore emerging technology industries. Since the 1960s, we have jumped to the top in process departments such as electronic computers, high-speed copiers and micro films.

The international commercial machinery company to which the consortium belonged was the largest enterprise in the world at that time. The consortium originally had a good foundation in electrical equipment, power equipment and atomic energy equipment, and other industries have also made great progress.

In the arms industry, General Electric, General Dynamics and Grumman Aircraft Corporation, controlled by the Morgan consortium, rank among the top among the largest arms contractors of the U.S. Department of Defense.

By the late 1970s, the trust assets of the Morgan consortium grew rapidly, greatly exceeding other consortiums. In addition, the rise of cutting-edge technology industries such as electronics and computers has caused the economic strength of the consortium to multiply.

Regardless of the number of companies and the assets it owns, the Morgan Consortium is above the Rockefeller Consortium.

The Morgan Consortium has a strong foundation in the financial industry, and its main pillar is J.\nP.\nMorgan.

Morgan is one of the world's largest multinational banks, with 10 subsidiaries and many branches in China, as well as more than 1,000 communication banks.

It has branches or representative offices in about 20 major cities abroad and owns equity in financial institutions in nearly 40 countries.

Its operating characteristics are the large number of stocks and the operation of huge trust assets. It controls the equity of 37 foreign commercial banks, development banks, investment companies and other companies.

In addition, there are manufacturers Hannover, New York Banker Trust, Northwest Bank, Prudent Life Insurance Company and New York Life Insurance Company.

In terms of industrial and mining enterprises, there are mainly international commercial machinery companies, General Electric, International Telephone and Telegraph, American Steel and General Motors, etc.; in terms of utilities, there are AT&T and Southern.
Chapter completed!