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. ... Morgan used his influence to help stabilize American financial markets during several economic crises, including the panic of 1907
Answer: The Klondike Gold Rush is credited for helping the United States out of a depression. Still, it had a horrific impact on the local environment, causing massive soil erosion, water contamination, deforestation and loss of native wildlife, among other things. The gold rush also severely impacted the Native people.
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