Pierpont Morgan was an influential American banker and financier born on April 17, 1837. He played a crucial role in the development of the modern banking system in the United States. Morgan is best known for his efforts in consolidating industries, including the formation of major corporations like U.S. Steel and General Electric. Morgan was also a prominent art collector and philanthropist. He founded the Morgan Library & Museum in New York City, which houses a vast collection of manuscripts, rare books, and artworks. His contributions significantly shaped both the financial and cultural landscapes of America during the late 19th and early 20th centuries.