Mixed blessings....................?

 

     The legendary Morgan was seventy years old in the fall of 1907, nearing the end of his epic reign.  Founded in 1871, J. P. Morgan & Co. was regarded as the "greatest international banking firm in the world" and "what the business world considered the headquarters of financial power."  No single person in the history of Wall Street had ever wielded more power and influence than J. Pierpont Morgan.  Under his rule, the House of Morgan had helped modernize the American economy, transforming the sprawling hinterland of relatively small companies that characterized nineteenth-century capitalism into the mighty corporate structures that dominated the twentieth century.

-Andrew Ross Sorkin, 1929: Inside The Greatest Crash In Wall Street History And How It Shattered A Nation