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

Maliyah Humphrey

History

19 October, 15:23

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.

+2

Answers (2)

Know the Answer?

Elise Evans · Answer 1

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

Madden Jimenez · Answer 2

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.