Question

What is morganization why was this approach an important and notable feature of the american economy?

Answer 1

Morganization is when J.P. Morgan gave the US government money so they wouldn't go into debt. Without him paying the government, the economy would've collapsed and nobody would be happy. Without the money, the government would go farther into debt.

In simpler words, morganization was a business tactic that brought multiple companies together. It was used to reduce competition and better the companies.