Question

Why was J.P Morgan scrutinized despite his influence on the US economy?

A J.P. Morgan only helped overseas economies and did not focus on America’s economy.
B This was due to his refusal to not assist the American government in financial matters.
C He was blamed for the cause of the financial crisis.
D He was accused of creating monopolies.

Answer 1

D He was accused of creating monopolies.

Step-by-step explanation:

J.P Morgan was one of the most influencial and powerful bankers and helped in different periods of the US history to bail out the government and the economy, he lent money to the treasure to help them avoid bankrupcy, but most of it´s detractors critiziced him because he had too much power and was believed to create monopolies, if not him directly, by helping other creating them.

Answer 2

The correct answer for the question above is option A. Why J.P Morgan was scrutinized despite his influence on the US economy is because J.P. Morgan only helped overseas economies and did not focus on America’s economy. Hope this answers your question.