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Westkost [7]
3 years ago
9

How much would J.P. Morgan's wealth worth in modern American money?​

History
1 answer:
valentina_108 [34]3 years ago
8 0

At the time of his death, his estate was worth $68.3 million. Half of that value was attributable to his share in New York and Philadelphia banks. His estate was worth the same as roughly $1.39 billion in modern dollars if calculated based on CPI.

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The history of U.S. foreign policy from 1776 to 1801 concerns the foreign policy of the United States during the twenty five years after the United States Declaration of Independence (1776). For the first half of this period, the U.S. foreign policy was directed by the Second Continental Congress and the Congress of the Confederation. After the ratification of the United States Constitution in 1788, U.S. foreign policy was conducted by the presidential administrations of George Washington and John Adams.

The inauguration of Thomas Jefferson in 1801 marked the start of the next era of U.S. foreign policy. After the American Revolution began in 1775, the United States courted European powers for help in the war against the Kingdom of Great Britain. Benjamin Franklin negotiated an alliance with the Kingdom of France in 1778, and the French played a decisive role in the American victory in the war.

Enlightenment-era Spain and the Dutch Republic also aided the U.S. cause, while other European countries joined the First League of Armed Neutrality to protect neutral shipping against the Royal Navy. The war came to an end with the signing of the 1783 Treaty of Paris, under which the United States gained control of territory as far west as the Mississippi River.

In the five years after the end of the war, relations with Great Britain and Spain were key issues; both countries hindered U.S. settlement in the west through control of strategic locations and by cultivating alliances with Native Americans. The United States expanded trade with various countries. Partly due to the lack of a strong central government, was unable to negotiate a commercial treaty with Great Britain or retaliate against high British tariffs.

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