3 years ago

What happened as a result of J.P. Morgan’s work in the financial industry?

History

1 answer:

erastovalidia [21]3 years ago

5 0

Answer:

 He has many great contributions in the financial market of America

Explanation:

J.P Morgan established the Federal Reserve and saved the economy of America. He was one of the wealthiest and successful businessmen. He started his carrier through the financial industry. 

During the gold crisis in 1895 he maintained the American dollar and handled the crisis. 

In 1907 when many big banks in New York were having trouble and were in the phase of shutting down Morgan came up with a plan and regained the financiers and saved the banks.

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