USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which man was known for investment banking and banking monopolies?
A
JP Morgan
B
John D. Rockefeller
C
Henry Ford
D
Andrew Carnegie
Explanation: 

Detailed explanation-1: -J.P. Morgan, in full John Pierpont Morgan, (born April 17, 1837, Hartford, Connecticut, U.S.-died March 31, 1913, Rome, Italy), American financier and industrial organizer, one of the world’s foremost financial figures during the two pre-World War I decades.

Detailed explanation-2: -Although J.P. Morgan will always be remembered for trying to create a steel monopoly with U.S. Steel, many other large companies Morgan helped create still exist, such as General Electric and Navistar International. Morgan’s perceived power was much greater than the actual wealth he controlled.

Detailed explanation-3: -Our company is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. Our rich history spans over 200 years. We are a leader in investment banking, financial services for consumers and small business, commercial banking, financial transactions processing and asset management.

Detailed explanation-4: -Morgan eventually took control of three major industries: railroads, electricity, and steel-and his dedication to efficiency and modernization revolutionized American business.

Detailed explanation-5: -Led by Chief Investment Officer Richard Madigan, our team consists of specialists that work together to enhance a portfolio’s risk and return potential.

There is 1 question to complete.