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

The correct answer is option C.   Famous investment banker John Pierpont Morgan helped corporations grow in the late 1800s by channeling funds into the purchase of corporate stocks and bonds.   He invested his money in several small institutions, promoted barrier free market and financed the business mergers.   He was one of the most highly paid bankers in the late 1800s.

Answer 2

John Pierpont Morgan was a shrewd businessman. He was adept in reading businesses, including start-ups.

He would study business mergers and finance them if found worthy.

He believed in free market, and would invest in fledging institutions if he found attractive. He changed the way business grew in the late 1800s.

The answer is D.