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

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

He was a strong supporter of social Darwinism.

1 answer

The correct response is:

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

J.P. Morgan was instrumental in the formation and consolidation of major corporations, including U.S. Steel and General Electric, which are still significant players in their respective industries.