Question
What happened as a result of J.P. Morgan's work in the financial industry?
(1 point)
• He grew companies through the process of vertical integration.
• He helped Standard Oil acquire most other businesses in the industry.
• He was a strong supporter of social Darwinism.
• He helped form some successful businesses that are still in existence today.
(1 point)
• He grew companies through the process of vertical integration.
• He helped Standard Oil acquire most other businesses in the industry.
• He was a strong supporter of social Darwinism.
• He helped form some successful businesses that are still in existence today.
Answers
GPT-4o mini
J.P. Morgan's work in the financial industry is best summarized by the statement: **"He helped form some successful businesses that are still in existence today."** Morgan was instrumental in the creation and consolidation of several major corporations, including U.S. Steel and General Electric, which continue to have a significant presence in their respective industries.