Drexel, Morgan & Co.
E560527
Drexel, Morgan & Co. was a prominent 19th-century American banking firm that served as a key predecessor to J.P. Morgan & Co. and played a major role in U.S. railroad and industrial finance.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Drexel & Co. | 2 |
Statements (41)
| Predicate | Object |
|---|---|
| instanceOf |
investment bank
ⓘ
partnership ⓘ |
| activeInPeriod | 19th century ⓘ |
| associatedWith |
Gilded Age finance
ⓘ
House of Morgan NERFINISHED ⓘ New York financial elite ⓘ |
| businessModel | private partnership ⓘ |
| capitalMarketRole |
channel for European capital into U.S. industry
ⓘ
intermediary between European investors and American railroads ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| foundedBy |
Anthony J. Drexel
NERFINISHED
ⓘ
J. Pierpont Morgan NERFINISHED ⓘ |
| headquartersLocation | New York City ⓘ |
| historicalSignificance |
helped consolidate financial power in New York City
ⓘ
key predecessor to J.P. Morgan & Co. ⓘ |
| industry |
banking
ⓘ
investment banking ⓘ |
| influenced | development of modern American investment banking ⓘ |
| legacy |
foundation of the Morgan banking empire
ⓘ
model for later American investment banks ⓘ |
| locatedIn | Wall Street NERFINISHED ⓘ |
| notableActivity |
arranging large-scale corporate financings
ⓘ
reorganizing distressed railroads ⓘ underwriting railroad securities ⓘ |
| notableClientSector |
industrial corporations
ⓘ
railroad companies ⓘ |
| notablePartner |
Anthony J. Drexel
NERFINISHED
ⓘ
Francis M. Drexel NERFINISHED ⓘ George W. Perkins NERFINISHED ⓘ J. Pierpont Morgan NERFINISHED ⓘ |
| parentOrganization | Drexel & Co. NERFINISHED ⓘ |
| predecessorOf | J.P. Morgan & Co. NERFINISHED ⓘ |
| regionServed |
Europe
ⓘ
United States of America ⓘ
surface form:
United States
|
| role |
major financier of American industrial expansion
ⓘ
major financier of U.S. railroads ⓘ |
| specializedIn |
corporate bond underwriting
ⓘ
government securities ⓘ industrial finance ⓘ railroad finance ⓘ |
| successor | J.P. Morgan & Co. NERFINISHED ⓘ |
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Drexel & Co.
this entity surface form:
Drexel & Co.