Titanic Conspiracy Theories | The J.P. Morgan Titanic Conspiracy Theory

The Titanic Conspiracy Theory Surrounding J.P. Morgan

J.P. Morgan Titanic

At 30 James Street Hotel, overnight guests and day visitors can enjoy luxury Morgan’s Spa. The subterranean haven is named after J.P. Morgan, one of the most powerful people associated with RMS Titanic.

Interestingly, J.P. Morgan has also ended up at the centre of one particular Titanic conspiracy theory.  So, why not take a read and find out more about the man behind Morgan’s Spa?

Titanic Conspiracy Theory – Who Was J.P. Morgan?

John Pierpont Morgan is best remembered as an influential American financier and banker. Throughout the late 19th and 20th Century, Morgan dominated corporate finance and industrial consolidation. He had been born into one of New England’s most wealthy and established families.

Titanic conspiracy theories

Raised in Hartford, Morgan grew up surrounded by the arts. As a child, he had suffered from illness and spent long periods of time at home. But when he was able to leave the house, his parents introduced him to galleries and concerts.

A Career in Finance

Though the arts were his real passion in life, Morgan’s future had been sealed by his father. Educated in Boston, Switzerland and Germany, his father paved the way for a successful career in international finance.

Morgan worked at his father’s bank in London before moving to the New York branch a year later. It was here that his work was based until his death in 1913. Morgan’s career really took off in the New York financial industry in the 1850s. Becoming  one of the world’s most powerful businessmen, he co-founded the firm went on to become J.P. Morgan & Co.

Morgan has since been described as “America’s greatest banker” and a pioneer of the Progressive Era, most notably playing an integral role in transforming American business. In 1879, the successful banker was approached by William Vanderbilt regarding the sale of 250,000 shares of stock in the New York Central Railroad. Showcasing his talent and influence, Morgan managed to complete the large-scale transaction without reducing the share price. This earned him a spot on the New York Central board of directors.

The Power of J.P. Morgan

While Morgan’s commanding presence in the industry was already clear, the extent of Morgan’s influence was made truly apparent during the Panic of 1883. Morgan managed to assemble a syndicate of international investors willing to supply gold in exchange for a favourable rate on 30-year bonds.

Managing to complete the transaction without approval from congress, Morgan and his persuasive influence reassured President Grover Cleveland by citing a 1862 statue. The US economy was subsequently stabilised when the syndicate were able to buy and resell the bonds in 1895.

Setting his sights further afield, the railroad mogul began to look to the Atlantic shipping trade. And successfully acquired the White Star Line in 1902. J. Bruce Ismay sold the White Star Line to the International Mercantile Marine Company, making J.P. Morgan the most powerful owner of RMS Titanic.

The White Star Line shipping company had requested for New York to extend its piers to accommodate their new super liners. And when New York had refused the White Star Line’s request, Morgan was able to sway their decision with his heavy ownership of the docks of New York.

Towards the end of his life, Morgan returned to his passions, spending much of his time on his art collection and philanthropy work.

TITANIC CONSPIRACY THEORIES

J.P. Morgan and RMS Titanic

So, where does the J.P. Morgan Titanic conspiracy theory come in? Though many believe the theory to be just a theory, some feel the parallels between Titanic and Morgan couldn’t simply be coincidence. Stepping away from famous insurance fraud conspiracies, this particular theory centres upon J.P. Morgan himself, suggesting that he may have held a motive for sinking the Titanic.

First things first, it is a widely known fact that J.P. Morgan was set to board RMS Titanic for her maiden voyage. However, in a twist of fate, the business pioneer changed his plans last minute, falling too ill to travel. Conspiracy theorists are quick to point out that Morgan’s good friend Milton Hersey also cancelled his trip to travel on the luxury ocean liner. Could this have been purely coincidence, or could the pair have known what was to come?

titanic conspiracy theories

Delving deeper into the theory, comparisons have been drawn between the sinking of Titanic and late 19th century book Futility, or the Wreck of the TitanWritten in 1898 by Morgan Robertson. The fictional book tells a similar story of an ocean liner called Titan (close resemblance to Titanic by name), which sinks after hitting an iceberg. Bearing uncanny similarity to RMS Titanic, the novel details that the fictional ship, Titan sank in April in the North Atlantic. It is also interesting to note that author Morgan Robertson was poisoned to death just a few years after the sinking.

Notably, both Titanic and RMS Titanic were described as “unsinkable”, had a shortage of lifeboats and were close in size and measurements. These links could suggest that someone planning the sinking may have taken ideas from the work of fiction. But, why would that person have been J.P. Morgan?

j.p. morgan and The Federal Reserve

Unsurprisingly, motives for sinking the ship link to money and power. Theorists have speculated that J.P. Morgan was planning to form The Federal Reserve, and the most powerful millionaires who opposed it perished upon RMS Titanic. This includes  Benjamin Guggenheim, Isidor Straus and Jacob Astor.

The Federal Reserve was formed just a year after Titanic sank.  However, as intriguing as the theory may be, it’s safe to say that it has largely been debunked. There is very little information or evidence linking the three men to opposition of the Federal Reserve, or explanation for how Morgan would have orchestrated the sinking. Not forgetting, it was clear that J.P. Morgan’s health was in decline at the time.

30 james street – Morgan’s Spa liverpool

At 30 James Street Hotel – Home of the Titanic, we’re dedicated to honouring the fascinating stories of RMS Titanic. Based within the former headquarters of the White Star Line, we like to preserve and pay tribute to the stories and people connected to the ocean liner.

titanic conspiracy theories

Today, Morgan’s Spa offers overnight guests and day visitors a tranquil spa experience. We always have a wide range of special packages and ELEMIS treatment deals available to ensure you make the most of your spa visit.

30 James Street Hotel – Home of the Titanic

30 James Street is located only moments from Liverpool’s world famous waterfront, offering the chance to stay in the heart of the maritime city. Once headquarters to the White Star Line shipping company, 30 James Street is a  Grade II* listed building.

The iconic landmark has been sympathetically restored by Signature Living. So, whether you’re as captivated by Titanic as we are, or you’re simply in search of a well earned treat, we’d love to play host to you.

To enquire further or to book your visit, you can contact our helpful team on 0151 236 0166.

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