J. P. Morgan Essay My life on the whole has helped the whole country prosper. I give away so much money to great causes. I also help the government with monetary crises. I admit that I am very wealthy.
But is having money a crime in this capitalist country? Definitely not. I obtained my wealth by hard work and dedication. I never once back stabbed or stepped on people to get what I wanted. I have helped and continue to help companies that are in need of money. I have financed International Harvester, American Telephone and Telegraph, and General Electric.
Without the money I gave these companies, they would never have existed. In essence, I have helped create great companies such as the above. How is this unethical? Not only do I help companies; I help the government whenever possible. After the panic of 1893, I helped reorganize railroad companies such as Northern Pacific, Erie, Southern, and the Philadelphia and Reading. The government didn’t have the capital to aid these companies so I did because it needed to be done.
Also, in 1895 I sold my firm’s $62 million government bond issues. Due to this, I helped end the gold shortage in the U. S. Treasury. In 1907 I loaned money to banks to keep them from closing after the panic of 1907. As shown above, I have aided the government several times out of the generosity that is in my heart.
Helping the government and companies is good, but I wanted to give back to society. In order to do this, I decided to donate and help found public associations. I founded the Lying-In Hospital in New York City and gave a large sum of money to the Harvard Medical School. In addition, as an ardent Episcopalian, I gave a large portion of funds to build the Cathedral of Saint John the Divine in New York City. I also decided to share some of the great art works that I owned. I gave many valuable statues, pictures, and books to American libraries and museums.
The Essay on Economic Intervention Government Money Prisons
Economic Intervention Every day our government makes economic decisions that affect our country and ourselves. Some of these decisions are good and benefit our lives greatly; however, many of our government's decisions, such as where our tax money should go, are not in our best interests. The Canadian government, although it is tightening up it's measures now, has been very lax with our hard ...
Some of my most famous collections were loaned to the Metropolitan Museum of Art, which I helped found as well. It is easily seen how my life helped every aspect of our country. I’m not a low-down scoundrel off the streets. I am a generous, respectful man who enjoys helping others.
