What did john pierpont do that was bad?

Answer 1

John Pierpont, also known as J.P. Morgan's business partner, faced criticism for his role in various financial practices during the late 19th and early 20th centuries. He was involved in consolidating industries, which some viewed as monopolistic behavior, leading to concerns about stifling competition. Additionally, his influence over financial markets and involvement in dubious banking practices contributed to economic instability, notably during the Panic of 1907.