What did JP Morgan do to help others?

Answer 1

J.P. Morgan played a significant role in stabilizing the American economy during financial crises, most notably by orchestrating the rescue of the U.S. banking system during the Panic of 1907. He pooled resources from various banks to create a large fund that provided liquidity to struggling institutions, preventing a more severe economic collapse. Additionally, through his philanthropic efforts, he supported education, the arts, and public health initiatives, contributing to societal welfare. His influence extended to reforming corporate finance and promoting responsible banking practices.