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Keith_Richards [23]
3 years ago
13

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

<u>Answer:</u>

<em> He has many great contributions in the financial market of America</em>

<u>Explanation:</u>

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

During the gold crisis in 1895 he maintained the <em>American dollar and handled the crisis. </em>

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 <em>plan and regained the financiers and saved the banks.</em>

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