Question

How did most Americans view East Coast bankers such as JP Morgan?

Answer 1

At the height of the Panic, J.P. Morgan stepped in to aid the banking community and quell the massive drop in bank reserves and market collapse. He was touted by many Americans as a true patriot and selfless beacon of financial hope for the country.

Answer 2

Most Americans viewed East Coast bankers such as JP Morgan with suspicion and distrust, as they were seen as powerful figures who controlled the country's financial system. However, some also admired their wealth and success, and saw them as symbols of American capitalism.

Step-by-step explanation: