USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What industry did J.P. Morgan control?
A
Oil
B
Steel
C
Investment Banking
D
Railroads
Explanation: 

Detailed explanation-1: -J.P. Morgan is a leader in investment banking, commercial banking, financial transaction processing and asset management. We serve millions of customers, predominantly in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally.

Detailed explanation-2: -J.P. Morgan invested in everything from Thomas Edison’s electric company to railroads and steel companies to insurance firms.

Detailed explanation-3: -Over the course of his career on Wall Street, J.P. Morgan spearheaded the formation of several prominent multinational corporations including U.S. Steel, International Harvester and General Electric which subsequently fell under his supervision.

Detailed explanation-4: -Investment Banking. As a global leader, we deliver strategic advice and solutions, including capital raising, risk management, and trade finance services to corporations, institutions and governments.

There is 1 question to complete.