WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
ANDREW CARNEGIE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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John D. Rockefeller
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Cornelius Vanderbilt
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J.P. Morgan
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None of the above
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Detailed explanation-1: -Andrew Carnegie sold his steel company to J.P. Morgan for $480 million in 1901. Retiring from business, Carnegie set about in earnest to distribute his fortune. In addition to funding libraries, he paid for thousands of church organs in the United States and around the world.
Detailed explanation-2: -He accumulated further wealth as a bond salesman, raising money for American enterprise in Europe. He built Pittsburgh’s Carnegie Steel Company, which he sold to J. P. Morgan in 1901 for $303, 450, 000 (equal to $9, 883, 973, 400 today); it formed the basis of the U.S. Steel Corporation.
Detailed explanation-3: -Early in 1901, J. P. Morgan, the country’s most powerful banker, merged Andrew Carnegie’s Carnegie Steel Corporation with nine other steel companies to form the world’s largest corporation.
Detailed explanation-4: -Jp Morgan In The 1920’s Such as the time that he merged with Andrew Carnegie and his steel company or the merger that formed Morgan Chase bank. He is well known for helping shape America’s business. J.P. Morgan did a lot of good deeds for Americans. For example, he used his influence to stabilize the financial…