Question

What happened as a result of J.P. Morgan’s work in the financial industry?(1 point)
Responses

He grew companies through the process of vertical integration.
He grew companies through the process of vertical integration.

He helped Standard Oil acquire most other businesses in the industry.
He helped Standard Oil acquire most other businesses in the industry.

He helped form some successful businesses that are still in existence today.
He helped form some successful businesses that are still in existence today.

He was a strong supporter of social Darwinism.

Answer 1

The most accurate response regarding the impact of J.P. Morgan's work in the financial industry is:

**He helped form some successful businesses that are still in existence today.**

Morgan played a key role in the consolidation of various industries and was instrumental in the formation of major companies, including General Electric and U.S. Steel, which continue to operate today.