J. P. Morgan was the de facto leader of this dynasty, having been the most prominent businessman in America at the turn of the century.

At the age of 20, Miles sailed for America, along with his brothers, John and James, seeking new opportunities in the New World.

Settling in Roxbury and later Springfield, Massachusetts, Miles met Prudence Gilbert, his future wife.

Nathaniel had many professions in his town, including Fence Viewer, hayward, field driver, constable, surveyor, and assessor.

Joseph, Jr. was elected Lieutenant and later Captain of the 8th Company in the 3rd Regiment of the Hampshire County, Massachusetts militia on 26 April 1776.

[5] He moved the family to Hartford, which existed as one of the most prominent trade centers in the Connecticut River Valley.

It stood as the focal point of all business affairs and social activities in the area; the idea of meeting new clients and collaborating with other businessmen in these coffee shops and inns allowed for the growth of the industry in America.

After a fire struck several New York City buildings, which held insurance plans from Aetna, Joseph Morgan III made prompt payments to the companies.

Joseph III's son, Junius Spencer (J. S.) Morgan, played a prominent role in the banking industry.

Through his business strategies, the term "Morganization" was coined to describe his method of creating monopolies through buying companies, eliminating competition, and cutting costs.

[12][13] By the turn of the century, he became incredibly successful in his business endeavors, controlling most of the major industries in America.

[14] The bankers of the pre-1913 Baronial Age were said to have been the "lords of creation", since they catapulted the American economy into an industrial powerhouse of production and power.

Modeled after British social clubs,[17] these organizations had people who held a tremendous influence over everyday life, such as bankers, politicians, lawyers, and railroad tycoons.

Also known as "Jack", he entered the banking industry, like his father, becoming a partner at Drexel, Morgan and Company, Bankers and Brokers of New York City in 1892.

Through new legislation, and a growing public resentment against big business, the opportunities for Jack were rare compared to his predecessors.

According to historians Michael M. Klepper and Robert E. Gunther, Morgan had one of the highest wealth:GNP ratios in American history.

In their book, The Wealthy 100: From Benjamin Franklin to Bill Gates,[23] Morgan's wealth:GNP ratio was 328.