Question

How did investment banker John pierpont Morgan help corporations grow in the late 1800s?
He oversaw the building of the transcontinental railroad
He developed a number of monopolies based on vertical integration
He invested in the process of manufacturing steal that was used in companies across the nation
He channeled funds into the purchase of corporate stocks and bonds

Answer 1

Banker John Pierpont Morgan or JP Morgan, help corporations grow in the late eighteen hundreds (1800's) by investing in fledgling institutions. He also helped in financing business mergers and promoted the free market. He also helped major corporations such as United States Steel and General Electric.

Answer 2

The correct answer is D) He channeled funds into the purchase of corporate stocks and bonds.

Investment banker John Pierpont Morgan helped corporations grow in the late1800 in that he channeled funds into the purchase of corporate stocks and bonds.

John Pierpont Morgan (1837-1913) was one of the richest men in the world. His idea of finances and banking helped to fund many corporations, banks, and industries. He was a co-founder of J.P. Morgan and participated in the lucrative railroad industry of America when he funds shares of stock of the New York Central Railroad, owned by William Vanderbilt.