Companies
Which famous electric company known today as G.E., did J.P. Morgan help form an 1892 by combining rival businesses?
General Electric
How did J.P. Morgan treat his workers?
He forced employees to work dangerous working enviroments for 12-hour days, 7 days a week
What does J.P. stand for?
John Pierpont
What nickname did people use for Morgan's process of taking over messy, failing railroads, and fixing them to make a profit?
Morganization
How did J.P. Morgan eliminate competition and create monopolies?
He bought out competing companies in the same industry and merged them into one giant corporation
Where was J.P. Morgan born?
Hartford, Connecticut
Which giant buisness did Morgan create by buying out Andrew Carnegie, making it the worlds first billion dollar company?
U.S. Steel
The country depended on J.P. to prevent ______ during the severe banking panics of 1907.
Economic disaster
What did J.P. Morgan buy his daughter?
An electric train
During the Panic of 1893, Morgan’s firm saved the U.S. Treasury from running out of gold by purchasing government bonds in exchange for gold from which foreign market?
London
What did Morgan's actions restore when he organized a rescue effort among countries largest banks and finances?
Confidence and stability in the financial system
J.P. Morgan's uncle, James Lord Pierpont, was famous for composing what holiday song?
Jingle Bells