摩根在其职业生涯中曾两次救助美国政府；在 1907 年恐慌之后的几年里，美国公众崇敬摩根。然而，几十年来，对垄断行业领袖的蔑视一直在增长。在 1912 年大选之后，民主党人伍德罗·威尔逊（Woodrow Wilson）赢了。银行和货币特别小组委员会成立了“金钱信托”, 后来称为普约委员会, 向摩根询问他的垄断行为以及他1907 年在 保释政府中的作用。
普约委员会在 1912-13 年的成果是在 1913 年 12 月 23 日创建了联邦储备系统，以应对金融恐慌。此后，《联邦储备法》一直是美国经济政策的重要组成部分，直到今天仍然是一个机构。这是摩根遗产中最重要的元素之一，尽管这是为了防止像他这样的其他人控制美国经济的结果，但他的救助拯救了经济并促使政府将事情掌握在自己手中。
John Pierpont Morgan
Creation of the Federal Reserve System
JP Morgan bailed out the U.S. government on two occasions in his career; in few years following the 1907 panic, the American public revered Morgan However, the contempt of the monopolizing captains of industry had been growing for decades, and after the 1912 election, which was won by Democrat Woodrow Wilson, the Special subcmommitte of Banking and Currency to Invistigate ‘Money Trusts’ was created. Later called the Pujo Committee, they questioned Morgan about his monopolizing actions as well as his role in the bail out of the government in 1907.
The outcome of the Pujo committee in 1912-13 was the creation of the Federal Reserve System in December 23rd 1913, to address the financial panics. The Federal Reserve Act has since been a key part of U.S. economic policy and is still an institution to this day. This, is one of the most important elements of Morgan’s legacy, although it was an act to prevent others such as himself from controlling the outcome of the U.S. economy, his bailouts saved the economy and spurred the government to take matters into their own hands.