Why has JP Morgan's approach to organizing the economy not been accepted in the twentieth century?

Answer 1

JP Morgan's approach to organizing the economy, characterized by centralized control and consolidation of financial resources, faced criticism in the twentieth century due to rising concerns about monopolistic practices and the need for increased competition. The progressive movement advocated for antitrust regulations and the decentralization of economic power to promote fairness and innovation. Additionally, the Great Depression highlighted the risks of excessive corporate influence and the need for government intervention in regulating the economy. As a result, a more balanced and regulated economic framework became preferable in response to these challenges.