...always has two reasons for doing anything: a good reason and the real reason.” – J.P. Morgan J.. Morgan Attention To The Detail Contents Origin 1 EARLY YEARS AND FAMILY 2 Forcasting 2 political parties 3 buying property 4 Cash Consolidation 5 Origin JP Morgan is one of the most powerful bankers of his time. J.P. (John Pierpont) Morgan, who died in 1913. He financed railroads and helped organize U.S. Steel, General Electric and other major corporations during his time. He did alot and hadrto go threw a lot as well. The Connecticut native followed his wealthy father into the banking business in the late 1850s, and in 1871 formed a partnership with Philadelphia banker Anthony Drexel. His family was already established. He just added his way of doing thing when his time came along. In 1895, the firm was reorganized as J.P. Morgan & Company. Morgan used his powerful influence to help level out American financial markets during several economic crises. However, he faced criticism that he had too much power and was accused of manipulating the nation’s financial system for his own gain. I am not sure what he had to gain from doing so. He was already established and famous. Morgan spent a large portion of his wealth amassing a vast art collection. I see it as having a hobby that can generate a great profit the older it gets. EARLY YEARS AND FAMILY John Pierpont Morgan was born into a well known family from New England on April 17, 1837, in Hartford, Connecticut...
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...J. P. Morgan and Berkshire Hathaway From 1820 to 1870, the Industrial Revolution brought innovations and growth to America’s economy. Of those breakthroughs rose the railroad and textile industries. With the railways falling into debt, John Pierpont Morgan was asked to intervene. Multiple railroads fell under his control due to his reorganization of the industry and his actions came to be known as “morganization.” Founded in 1889 as Berkshire Cotton Manufacturing Company, Berkshire Fine Spinning Associates became one of the largest textile industries in the world. It was later recognized by Warren Buffett who seized control of the company and used it for further investments. This essay focuses on the question of: what can be learned by examining Morgan’s consolidation of the railroad industry and Berkshire’s astonishing growth? This era marked a shift to powered, special-purpose machinery, factories and mass production. Industrialization in America involved three important developments: the harnessing of electricity, improvements to the industrial process including the acceleration of production, and lastly the expansion of transportation. An improved transportation system was crucial for raw materials to reach the factories and manufactured goods to reach consumers. Morgan was fixated on the restructuring of railways and began by proposing agreements between major lines. “Oppressed by debt and overbuilding, more than a third of the country’s railway trackage fell into...
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...J.P. Morgan John Pierpont Morgan is one of the most famous financiers in business history. Plenty of controversy has surrounded Morgan on whether his business strategies were for better or for worse. A robber baron is considered, “an American capitalist of the latter part of the 19th century who became wealthy through exploitation”. Morgan was just that. J.P. Morgan was a robber baron not only because he possessed a lot of power that wasn’t meant to be his, but he also revealed the fragility of the financial system. J.P. Morgan was born into wealth. At the age of 20, Morgan followed in his father’s footsteps into the world of business and banking. He began working in a London branch of the banking firm Peabody, Morgan & Co. This firm was formed by a partnership between his father Junius Spencer Morgan and George Peabody. Morgan was heavily involved in reorganizing several financially troubled railroad companies. Gradually, he gained control of portions of these railroads’ stock. Morgan bought Andrew Carnegie’s steel company and gained power over 2/3 of the steel industry and created a monopoly out of it. Morgan was the main force behind many businesses and controlled most of the American industries. When his bank was founded it was under the partnership with Anthony Drexel. The bank which was originally named Drexel, Morgan & Co., was later changed to J.P. Morgan & Co. His bank was the first national bank before the Federal Reserve existed. This bank was the site...
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...In 1895, Morgan assisted in rescuing America’s gold standard when he headed a banking syndicate that loaned the federal government more than $60 million. In another instance, the financial panic of 1907, Morgan held a meeting of the country’s top financiers at his New York City home and convinced them to bail out various faltering financial institutions in order to stabilize the markets. Morgan initially was widely commended for leading Wall Street out of the 1907 financial crisis; however, in the ensuing years the portly banker with the handlebar mustache and gruff manner faced increasing criticism from muckraking journalists, progressive politicians and others that he had too much power and could manipulate the financial system for his own gain. In 1912, Morgan was called to testify before a congressional committee chaired by U.S. Representative Arsene Pujo (1861-1939) of Louisiana that was investigating the existence of a “money trust,” a small cabal of elite Wall Street financiers, including Morgan, who allegedly colluded to control American banking and industry. The Pujo Committee hearings helped bring about the creation of the Federal Reserve System in December 1913 and spurred passage of the Clayton Antitrust Act of 1914. J.P. MORGAN: ART COLLECTION AND FINAL YEARS The famous financier died at age 75 on March 31, 1913, in Rome, Italy. On April 14, the day of his funeral, the New York Stock Exchange closed in his honor until noon. He was buried in the Morgan family...
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...In the Gilded Age, newly wealthy Americans began to compete for Europe’s extraordinary Old Master pictures, causing a major migration of art across the world. Old Masters, New World is a look at the cutthroat competition, financial aspect, intrigue, and double-dealing often involved in these paintings. It is also about the power of the amazing paintings that drove these collectors such as financier J. Pierpont Morgan, sugar king H. O. Havemeyer, Boston aesthete Isabella Stewart Gardner, and industrialist Henry Clay Frick. It is a great book about the arrival of the artwork of the Old Masters such as Raphael, Michelangelo, and El Greco in the United States. On one hand, it was definitely about the acquisition of Old Masters paintings from Europe by Americans. However, this book was not about artwork at all; instead, it was much more about the people who bought the art. The movement began when these extremely wealthy people bought very expensive and exquisite paintings. They bought these works of art for people to admire their wealth and taste. Old Masters New World is about the Americans of the late 19th century who found themselves interested in bringing the art of the Old Masters across the ocean. Saltzman does her best to give each of these people a voice and personality, to bring them to life for the reader. You will get to know each of these people and their histories. While there is definitely a discussion of art, the book is much more about the world of art dealing...
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...A transformational leader is defined as “a leader who influences, inspired, mobilizes, and transforms followers to achieve organizational goals beyond their self-interests” (Weiss 2011). Effective transformational leadership consists of four factors known as the “four I’s”. They are: idealized influence, individualized consideration, inspirational motivation and intellectual stimulation. The first female Prime Minister of Jamaica, Portia Simpson Miller, is using these traits to transform Jamaica from rule under the British monarchy to a republic and is using charisma, the “four I’s”, and ethical leadership to bring about the change that Jamaican citizens are asking for. Charisma played an important role in PM Simpson Miller’s bid for reelection. Successfully campaigning for a second term in office despite being removed from that very office after little more than a year, truly takes charisma and political fortitude indeed. After a recount in the 2007 elections, Simpson Miller conceded defeat but three years later, she successfully campaigned for and won the seat of PM again despite “a relentless negative advertising campaign that ‘demonised’ her, mocked her intellectual capacity, managerial competence and unsuitability” (Robinson 2012) for the position of Prime Minister. Another hurdle the new PM had to overcome was discontent over US$400 million that was mishandled during her short term in office. In the true style of charismatic leaders, Simpson Miller created and articulated...
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...Intro Avul Pakir Jainulabdeen Abdul Kalam, alias APJ Abdul Kalam, was born in Dhanushkodi, Rameswaran, India on October 15, 1931. The son of a little-educated boat-owner in Rameswaram, Tamil Nadu, he had an unparalleled career as a defence scientist, culminating in the highest civilian award of India, the Bharat Ratna. As chief of the country's defence research and development programme, Kalam demonstrated the great potential for dynamism and innovation that existed in seemingly moribund research establishments. A lifelong scientist, engineer and world leader, Kalam's prominent role in India's 1998 nuclear weapons tests established him as a national hero. Kalam is popularly known as the Missile Man of India for his work on the development of ballistic missile and launch vehicle technology. In 2002, India's ruling National Democratic Alliance helped him win election against the country's former president, Kocheril Raman Narayanan; Kalam became India's 11th president on 25th July 2002 and completed his term in 2007. APJ Abdul Kalam is a man of vision, who is always full of ideas aimed at the development of the country. He firmly believes that India needs to play a more assertive role in international relations. He was the first scientist and bachelor to occupy the seat of the Rashtrapati Bhavan. Dr. Kalam is one of the most distinguished scientists of India with the unique honour of receiving honorary doctorates from 30 universities and institutions. He has been awarded the coveted...
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...Child labour is ubiquitous, even though it varies in form and degree. A scar on the world’s conscience in the twenty-first century, it is a social evil and a ban against development. Generally, regressive in nature, it is a serious global issue worth paying attention to.Many solutions and remedies are suggested to fight against this baffling problem. Childhood is the best time of our lives.A time of love and laughter,of being pampered,time of learning and discovering where our own particular strength lies,describing our ambition and becoming passionate for anything.But the present scenario is different. Children,specially living in a developing countries like India face many difficulties.They are exploited and abused. Most inhuman and arduous form of child exploitation in India is the age old practice of bonded labour.Fear,guilt,anger,frustration,pain,hate and above all helplessness,these assorted and jumbled feelings numbed their existence.Devasted and shattered they suffered those nightmares alone.Our blooming flowers spreading the fragrance of love,affection and innocence are brutally crushed and blow like dry leaves.All these kinds of exploitation leave scars on the soul of the child which they carry throughout their life. Yes,in India,almost every second child unfortunately goes through this trauma. According to wikipedia definition,”Child labour refers to the employment of children at regular and sustained labour”.People have many misconceptions regarding it.A...
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...A. P. J. Abdul Kalam From Wikipedia, the free encyclopedia (Redirected from APJ Abdul Kalam) Jump to: navigation, search This article is about the former President of India. For the freedom fighter, see Abdul Kalam Azad. A. P. J. Abdul Kalam | | Abdul Kalam at the 12th Wharton India Economic Forum, 2008 | 11th President of India | In office 25 July 2002 – 25 July 2007 | Prime Minister | Atal Bihari Vajpayee Manmohan Singh | Vice President | Bhairon Singh Shekhawat | Preceded by | K. R. Narayanan | Succeeded by | Pratibha Devisingh Patil | Personal details | Born | 15 October 1931 (age 81) Rameswaram, British India (present day Tamil Nadu, India) | Alma mater | St. Joseph's College, Tiruchirappalli Madras Institute of Technology | Profession | Professor, Author, scientist Aerospace engineer | Website | abdulkalam.com | Avul Pakir Jainulabdeen Abdul Kalam ( pronunciation (help·info); born 15 October 1931) usually referred to as Dr. A. P. J. Abdul Kalam, is an Indian scientist and administrator who served as the 11th President of India. Kalam was born and raised in Rameswaram, Tamil Nadu, studied physics at the St. Joseph's College, Tiruchirappalli, and aerospace engineering at the Madras Institute of Technology (MIT), Chennai. Before his term as President, he worked as an aerospace engineer with Defence Research and Development Organisation (DRDO) and Indian Space Research Organisation (ISRO).[1] Kalam is popularly known as the Missile Man of India for his work...
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...Downloaded from www.lifebooks4all.blogspot.com e press How to use Downloaded from www.lifebooks4all.blogspot.com How to use this eBook Presents WINGS OF FIRE Published by Copyright © 2003 Distributed by UNIVERSITIES PRESS (INDIA) PRIVATE LIMITED UNIVERSITIES PRESS (INDIA) PRIVATE LIMITED You are viewing this eBook in the Full Screen mode. Press the Page-Down button to browse to the other pages. Press the Escape (Esc) button to exit this Full Screen view. You will then be able to see the document with all the regular Acrobat Reader features. You can return to the Full Screen view through the menu path View > Full Screen. You can also use ‘Control+L’ (Ctrl+L) to get the Full Screen view. This eBook allows you to do the following: Print any number of pages (use the print icon) Adjust the view of the document (use the zoom-in and zoom-out icons) Navigate in multiple ways (use the next page, first page and last page icons) For Help, use the menu path Help > Reader Help to get more details. You can also write to epress@sulekha.net for any clarifications or doubts. We love to hear from customers like you. All Rights Reserved Sulekha Epress e press Sulekha, Sulekha.com, Epress, Sulekha Epress, Epress logo and Sulekha logo are trademarks of Smart Information Worldwide Inc. NOTICE: This eBook is licensed to the original purchaser only. Duplication or distribution to any person via email, floppy disk, network, print out, or any other means is a violation of International...
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...served his country as president from 2002 to 2007. IN THESE GROUPS * FAMOUS PEOPLE IN TECHNOLOGY & ENGINEERING * FAMOUS PEOPLE IN JOURNALISM & NONFICTION * FAMOUS GOVERNMENT * FAMOUS POLITICAL PARTY Show All Groups Synopsis Born in 1931 in Dhanushkodi, India, A.P.J. Abdul Kalam joined India's defense department after graduating from the Madras Institute of Technology. He was a central figure in the development of the country's nuclear capabilities, and was hailed as a national hero after a series of successful tests in 1998. Kalam served as India's president for one term, and died of a heart attack on July 27, 2015. Early Years Avul Pakir Jainulabdeen Abdul Kalam was born into a Muslim family on October 15, 1931, on the island of Dhanushkodi off the southeastern coast of India. He developed an early fascination with flight by watching birds, which developed into an interest in aeronautics after he saw a newspaper article about a British fighter plane. Despite his modest beginnings – his dad built and rented boats – Kalam was a bright student who showed promise in science and mathematics. He attended St. Joseph's College, and went on to earn a degree in aeronautical engineering from the Madras Institute of Technology. Rise to the Presidency His hopes of becoming a fighter pilot was dashed when he narrowly missed out on a spot with the Indian Air Force. Kalam instead joined the Defense Research and Development Organization (DRDO) as a senior scientific...
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...Dr. Abdul Kalam's Speech in Hyderabad Please read this article by giving 10 minutes from your busy life. Really good.... The President of India DR. A. P. J. Abdul Kalam 's Speech in Hyderabad . Why is the media here so negative? Why are we in India so embarrassed to recognize our own strengths, our achievements? We are such a great nation. We have so many amazing success stories but we refuse acknowledge them Why? We are the first in milk production. We are number one in Remote sensing satellites. We are the second largest producer of wheat. We are the second largest producer of rice. Look at Dr. Sudarshan, he has transferred the tribal village into a self-sustaining, self-driving unit. There are millions of such achievements but our media is only obsessed in the bad news and failures and disasters. I was in Tel Aviv once and I was reading the Israeli newspaper. It was the day after a lot of attacks and bombardments and deaths had taken place. The Hamas had struck. But the front page of the newspaper had the picture of a Jewish gentleman who in five years had transformed his desert into an orchid and a granary. It was this inspiring picture that everyone woke up to. The gory details of killings, bombardments, deaths, were inside in the newspaper, buried among other news. In India we only read about death, sickness, terrorism, crime. Why are we so NEGATIVE? Another question: Why are we, as a nation so obsessed with foreign things? We want...
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...mmnhghgjMythily Sivaraman Wrote A Book Haunted by Fire Essays On Caste, Class, Exploitation And Emancipation Published on: 01-OCT-2013 The book titled Haunted by Fire: Essays on Caste, Class, Exploitation and Emancipation authored by Mythily Sivaraman Ramchandra Guha Wrote a Book Titled ‘Gandhi Before India’ Published on: 25-SEP-2013 Historian and author Ramchandra Guha wrote a book on early years of Mahatma Gandhi. Book Entitled Ikea on the Road to the Future Revealed about Ikea’s Family Fued Published on: 21-SEP-2013 A book entitled Ikea on the Road to the Future revealed how the founder of the company was compeled to hand over billions of Dollars to sons. Vice President of India Released a Book Entitled India and Malaysia: Intertwined Strands Published on: 10-SEP-2013 The Vice President of India M. Hamid Ansari released a book entitled India and Malaysia: Intertwined Strands by Veena Sikri at New Delhi on 9 September 2013. Vice President of India Released the Book Titled Ahmev Radha, Ahmev Krishnah Published on: 05-SEP-2013 The Vice President of India M. Hamid Ansari released the book titled Ahmev Radha, Ahmev Krishnah at New Delhi on 4 September 2013. Raj Kundra wrote a book entitled How Not to Make Money Published on: 04-SEP-2013 How Not to Make Money is a book written by Raj Kundra the British-Indian businessman. The book narrates, story of three friends and their plans to be rich. Graphic Biography on Dhyan Chand Launched:Dhyan Chand-The Wizard of...
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...Book's Name | Author's Name | A Bend in the River | V. S. Naipaul | A Bend in the River | V.S.Naipaul | A Gift of Monotheists | Ram Mohan Roy | A House for Mr.Biswas | V.S.Naipaul | A Journey | Tony Blair | A Minister and his Responsibilities | Morarji Bhai Desai | A Nation is Making | Surendra Nath Bandhopadhye | A Pair of Blue Eyes | Thomash Hardy | A Passage to India | E. M. Foster | A Revenue Stamp (autobiography) | Amrita Pritam | A Strange and Sublime Address | Amit Choudhary | A Suitable Boy | Bikram Seth | A Tale of Two Cities | Charls Dikens | A Voice of Freedom | Nayantara Shehgal | A week with Gandhi | L. Fischer | Adventures of Sherlock Homes | Arther Canon Doel | All the Prime Minister's Men | Janardan Thakur | Allahabad Prasasti | Harisen | Amitabh- the Making of the Superstar | Susmita Das Gupta | Amukta Malyad | Krishna Deva Raya | An Unknown Indian | Nirod C. Choudhary | Anand Math | Bankim Chandra Chattopadhaye | Anna Karenina | Leo Tolstoy | Aparajito | Bibhuti Bhushan Bandopadhyay | Apple Cart | G. B. Shaw | Aranyak | Bibhuti Bhushan Bandopadhyay | Arogyaniketan | Tarashankar Bandopadhyay | Astyadhaye | Panini | Bakul Katha | Ashapurna Devi | Ban Palashir Padabali | Ramapada Chowdhury | Bandit Queen | Mala Sen | Bela Obela Kalbela | Jibanananda Das | Bengali Zamindar | Nilmoni Mukherjee | Bicramanchadev | Bilhon | Blind Beauty | Boris Pasternak | Buddhacharit | Asha Ghosh | Captive Lady...
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...embarked on a pilot project with six banks, viz., SBI, SBH, Andhra Bank, Union Bank, UTI Bank and AP Grameena Vikas Bank, to make payments of Social Security Pensions and AP Rural Employment Guarantee Scheme benefits to 50,000 beneficiaries in six Mandals of Warangal district through the use of business correspondents and contact less smart card/mobile technology. The state proposes to scale up the project to cover the nearly five million beneficiaries of the entire state in due course. The state has signed an MOU with banks and Institute for Development and Research in Banking Technology (IDRBT) for the purpose. The state is also meeting the major portion of cost of the smart cards and also of the other devices used in the j t Indian Bank in Asia’s Largest Slum, Dharavi, Mumbai - Application of Core Banking Solution Dharavi, Asia’s largest slum is inhabited by lakhs of migrant labour from Tamilnadu who do not have bank accounts. After the KYC norms were rationalized to enable opening of 'No Frills' Accounts, Indian Bank has opened a Core Banking branch in Dharavi Slums. The KYC of migrant labour can also be done at the home district in Tamilnadu. As the bank has branches at the places from where the migrant labour has come, remittances to and fro have become very easy as they are just transfers between the accounts of the bank. Thus, the urban financially excluded have been given banking access and now it is found that many of the account holders ...
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