Question

How did investment banker John Pierpont Morgan help corporations grow in the late 1800s?

A. He invested in a process for manufacturing steel that was used in companies across the nation.

B. He oversaw the building of The transcontinental railroad.

C. He channeled funds into the purchase of corporate stocks and bonds.

D. He developed a number of monopolies based on vertical integration.

Answer 1

Option B is the correct

Answer 2

He channeled funds into the purchase of corporate stocks and bonds.

Option C

Explanation:

• John Pierpont Morgan (1837-1913) was a smart and rich person. He was a well-known personality in the financial field.
• His ideas of financing and banking were really productive during 1800s.
• It is because of his investment strategies, various companies, banks and industries were directed correctly in terms of funding.
• He helped various financial mergers and financial institutions to uplift too.
• At the same time, he promoted the free market system.

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