Why is J. P. Morgan famous?

a. He built a monopoly in the petroleum industry through ownership of Standard Oil.

b. He led a fundraising drive to erect the Statue of Liberty in New York harbor.

c. He was a railroad tycoon who owned the Union Pacific.

d. He was a banker who had great control over America's finances.

Question

History

Paige Barnett

21 December, 16:50

Why is J. P. Morgan famous?

a. He built a monopoly in the petroleum industry through ownership of Standard Oil.

b. He led a fundraising drive to erect the Statue of Liberty in New York harbor.

c. He was a railroad tycoon who owned the Union Pacific.

d. He was a banker who had great control over America's finances.

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Answers (2)

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Liliana Herrera · Answer 1

J. P. Morgan is famous because d) He was a banker who had great control over America's finances. He was an American financier, banker and art collector who dominated corporate finance and industrial corporation at the time he was alive.

Alexzander Houston · Answer 2

The answer is D. He was a banker who had great control over America's finances