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The actions of the government in the twentieth century were to bail out businesses who were in need of help. This was the same thing JP Morgan believed should be done with businesses. Neither worked very well.

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9y ago
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20h ago

The government's actions in the twentieth century, including antitrust laws and regulations, reflect a rejection of J.P. Morgan's philosophy of creating monopolistic holding companies that wielded excessive power over markets. This shift was driven by concerns about unfair competition, consumer protection, and the need to promote a more competitive market environment. Ultimately, the government intervened to prevent anti-competitive practices and promote a level playing field for businesses.

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Q: In what respect do the actions of the government in the twentieth century reflect the failure of J P Morgan's philosophy of holding companies?
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