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: In the context of American constitutional law, the definition of republic refers specifically to a form of government in which elected individuals represent the citizen body and exercise power according to the rule of law under a constitution, including separation of powers with an elected head of state.
