Answer:
He saved the American Economy and led to the establishment of the Federal Reserve.
Explanation:
JP Morgan was a businessman with contacts and investments in many different industries. These contacts, and his wealth, allowed him to wield huge control over the financial industry. This resulted in two big events. Firstly, there was the Gold Crisis of 1895. The US Treasury nearly ran out of gold and Morgan persuaded the president to use an old law to buy gold off him (And the rockefellers). This stabalised the American Dollar and averted crisis. A similar thing happened in 1907. Major New York banks were on the verge of collapse and Morgan held a meeting at his mansion where he forced the New York finaciers to come up with a plan. This they diid and the federal government saved the banks. Morgan also used his controlling interest in US Steel to buy the stock of a competitor whos stock was casuing a brokerage firm to collapse. Despite the anti trust legislation he purchased the stock, This restored confidence in the banking system and ensured the crisis was over.
More importantly, the event made the government realise that they couldnt rely on there always being a wealthy indiividual like Morgan to save the day should there be another crisis. This lead to the creation of the Federal Reserve System in 1913. This was a joint effort of a team of banking and political leaders, led by Senator Nelson Aldrich.
<span>It was the Bay of Pigs Fiasco. It was an invasion of Cuban exiles whose goal
is to overthrow the government of Fidel Castro.
It was launched in Guatemala by CIA-trained counter-revolutionary forces
known as Brigade 2506. Though they were
supported by American bombers who bombarded the Cuban airfields and managed to
overwhelm a small militia, they were crushed by a Cuban counter-offensive by
Jose Ramon Fernandez. Later, Castro himself led the attack and the invaders
surrendered and were imprisoned on April 20, 1961.</span>
Electoral College. Unlike in other U.S. elections, the president and vice president are not electeddirectly by the people. Instead, they're chosen by “electors” through a process called theElectoral College. The idea of using electors comes from the Constitution.
Civil War and Reconstruction. 1861-1870.
The correct answer is <span>B.Little money was invested in technology or infrastructure not related to exports.
This means that you could see super developed roads that were used for export, and right next to them you could see a village that was still made out of clay and straw and with shacks and similar things. Anything that wasn't related to the industry and export was severely underdeveloped compared to the industry.</span>
