J. P. Morgan partners with the Drexels…

J. P. Morgan partners with the Drexels of Philadelphia to form the New York firm of Drexel, Morgan & Company in 1871.

Anthony J. Drexel becomes Pierpont's mentor at the request of Junius Morgan.

John Pierpont Morgan was born and raised in Hartford, Connecticut, to Junius Spencer Morgan (1813–1890) and Juliet Pierpont (1816–1884) of Boston, Massachusetts.

Pierpont, as he preferred to be known, had had a varied education due in part to interference by his father.

Pierpont had transferred to the Hartford Public School  in the fall of 1848, then to the Episcopal Academy in Cheshire, Connecticut, (now called Cheshire Academy), boarding with the principal.

In September 1851, Morgan passed the entrance exam for the English High School of Boston, a school specializing in mathematics to prepare young men for careers in commerce.

Illness that is to become more common as his life progresses struck in the spring of 1852; rheumatic fever left him in so much pain that he could not walk.

Junius had sent Pierpont to the Azores in order for him to recover.

After convalescing for almost a year, Pierpont had returned to the English High School in Boston to resume his studies.

After graduating, his father had sent him to Bellerive, a school near the Swiss village of Vevey.

When Morgan had attained fluency in French, his father sent him to the University of Göttingen in order to improve his German.

Attaining a passable level of German within six months and also a degree in art history, Morgan had traveled back to London via Wiesbaden, with his education complete.

Morgan had gone into banking in 1857 at his father's London branch, moving to New York City in 1858 where he worked at the banking house of Duncan, Sherman & Company, the American representatives of George Peabody & Company.

From 1860 to 1864, as J. Pierpont Morgan & Company, he had acted as agent in New York for his father's firm.

By 1864, he was a member of the firm of Dabney, Morgan, and Company.