Question

Which of the following is an accomplishment of J.P. Morgan? Select the two correct answers.

(1 point)
O developing improved oil-refining methods
improving investment banking practices
incorporating the Bessemer process
creating a monopoly within the oil industry
helping create the company General Electric
Check answer Remaining Attempts: 3

Answer 1

J.P. Morgan's accomplishments include improving investment banking practices and being instrumental in the creation of General Electric.

Step-by-step explanation:

J.P. Morgan, a prominent American banker and financier, achieved several notable accomplishments. Two correct answers are:

1. Improving investment banking practices: Morgan revolutionized the field of investment banking, particularly through the establishment of J.P. Morgan & Company, which became one of the most influential financial institutions in the world.
2. Helping create the company General Electric: Morgan played a significant role in the formation of General Electric, a multinational conglomerate, by merging various electric companies under Thomas Edison's leadership.

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