Each Financial Rescue Builds Upon the Past
In 1907 and in 2023, J.P. Morgan was there.
Jamie Dimon.
Photographer: Laura McDermott/Bloomberg
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On Madison Avenue today, you can walk into the Morgan Library and, in the dim lighting, take in the familiar scent of old books, rare Gutenberg Bibles, manuscripts and drawings that the legendary capitalist J. Pierpont Morgan collected starting in the late 1800s. But it’s one evening in 1907 that gave the space its gravity in the world of banking.