Question

2 How was JP Morgan helping the Allies in their war against the Germans?

Answer 1

Answer:

J.P. Morgan helped the Allies finance their World War ll triumph

Explanation:

Morgan's personal wealth was enormous, and during his life he used substantial portions of his wealth in philanthropic endeavors. He donated to charities, churches, hospitals, and schools. He also accumulated a huge collection of art.

In 1939, before the United States entered World War II, the British and French governments chose J.P. Morgan & Co. to sell $1.5 billion of securities in the New York public markets.

One of the most powerful bankers of his era, J.P. (John Pierpont) Morgan (1837-1913) financed railroads and helped organize U.S. Steel, General Electric and other major corporations. ... However, he faced criticism that he had too much power and was accused of manipulating the nation's financial system for his own gain.

J.P. Morgan helped the Allies finance their World War ll triumph. J.P. Morgan assisted Germany's rebuilding after The Great War. Morgan's Thomas Lamont spearheaded the renegotiation of reparation payments and organized other Wall Street banks to bail Germany out with loans.