How did j.p Morgan change the world?

Answer 1

J.P. Morgan significantly changed the world by revolutionizing the American banking and finance industry in the late 19th and early 20th centuries. He played a crucial role in the consolidation of industries, helping to create large corporations like U.S. Steel and General Electric, which shaped the modern corporate landscape. Morgan also helped stabilize the financial system during times of crisis, notably leading efforts to avert the Panic of 1907. His influence extended globally, as he helped finance infrastructure projects and international trade, ultimately contributing to the emergence of the United States as a major economic power.