Question

What happened as a result of J.P. Morgan's work in the financial industry?

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A. He grew companies through the process of vertical integration.
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B. He helped Standard Oil acquire most other businesses in the industry.
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C. He was a strong supporter of social Darwinism.
D. He helped form some successful businesses that are still in existence today.

Answer 1

The correct answer is option:

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

Step-by-step explanation:

He was the founder of six industrial giants: American Telephone and Telegraph, General Electric, International Harvester, United States Steel Corporation, Westinghouse House Electric Corporation, and Western Union. His investment firm J.P. in general. Morgan & Co developed a scheme for investing in giant corporate projects together with investment banks.