WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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J.P. Morgan
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Cornelius Vanderbilt
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Andrew Carnegie
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John D. Rockefeller
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Detailed explanation-1: -He merged railroad companies and became a stockholder in every one of them. He made a fortune in railroads. In 1898, Morgan formed the Federal Steel Company. Again he merged with other steel companies, forming the huge United States Steel Corporation.
Detailed explanation-2: -JPMorgan Chase & Co., formerly J.P. Morgan and Company, Inc., American banking and financial services company formed through the December 2000 merger of J.P. Morgan & Co.
Detailed explanation-3: -J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. He reorganized several major railroads and became a powerful railroad magnate. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester.
Detailed explanation-4: -(April 17, 1837 – March 31, 1913) was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age.