J.P. Morgan Jr.

J.P. Morgan Jr.

Nye Committee Begins Investigation of War Profiteering and Munitions Industry "Merchants of Death"

| Importance: 8/10

The U.S. Senate Special Committee on Investigation of the Munitions Industry, chaired by Senator Gerald Nye (R-ND), begins operations on April 12, 1934, to investigate the financial and banking interests underlying American involvement in World War I and the enormous profits reaped by industrial and …

Gerald Nye U.S. Senate J.P. Morgan Jr. Pierre du Pont munitions manufacturers +1 more war-profiteering corporate-corruption military-industrial-complex investigations world-war-i
Read more →

J.P. Morgan Jr. Testifies, Preferred List and Tax Evasion Exposed

| Importance: 10/10

J.P. Morgan Jr., head of the most powerful banking house in America, testified before the Pecora Commission in hearings that riveted the nation. The New York Times headline on May 24, 1933 blared: “Morgan Paid No Income Tax for 1931 or 1932.” Morgan admitted under oath that he and his …

J.P. Morgan Jr. J.P. Morgan and Company Ferdinand Pecora U.S. Senate Committee on Banking and Currency Calvin Coolidge +1 more financial-regulation insider-trading corporate-accountability tax-evasion political-corruption
Read more →