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In what respect do the actions of the government in the twentieth century reflect the failure of JP Morgan's philosophy of holding companies?
Wiki User
∙ 10y ago
k
Wiki User
∙ 10y ago
The government's actions in the twentieth century, including passing antitrust laws like the Sherman Antitrust Act, reflects a rejection of JP Morgan's philosophy of holding companies. Morgan believed in consolidating companies to create efficiency and stability, while the government viewed this as creating monopolies that stifled competition and harmed consumers. As a result, the government took steps to break up these large holding companies to promote fair competition.
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