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Garrett Morgan did not earn money from General Electric directly; however, he did sell the rights to his invention of the three-position traffic signal to General Electric in 1923. The financial details of that transaction are not well-documented, but it is known that Morgan received a considerable sum for his rights, contributing to his legacy as an inventor and entrepreneur.

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J.P. Morgan earned his wealth primarily through banking and finance. He founded J.P. Morgan & Co., which played a pivotal role in the consolidation of industries and the financing of major corporations during the late 19th and early 20th centuries. Morgan was instrumental in the creation of key entities such as U.S. Steel and General Electric, leveraging his financial acumen to facilitate mergers and investments. His strategic investments and influence in the banking sector allowed him to amass significant wealth and power.


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