Question

How did J.P. Morgan demonstrate his new investment?

a) By founding a new electric power company
b) By investing in Thomas Edison's electric power company
c) By launching a new car manufacturing company
d) By opening a chain of department stores

Answer 1

J.P. Morgan demonstrated his new investment by investing in Thomas Edison's electric power company.

Step-by-step explanation:

J.P. Morgan demonstrated his new investment by investing in Thomas Edison's electric power company. In 1882, Morgan provided financial backing to Edison and helped create the Edison Electric Illuminating Company, which supplied electricity to customers in New York City.