Question

J. P. Morgan monitored his competition by placing officers of his bank on the boards of companies that he wanted to control. This method was known as a(n)

Answer 1

This method was known as an interlocking directorate.

Step-by-step explanation:

Interlocking directorate is the practice of the same individual being a member of multiple boards in companies.

In this case, J.P. Morgan has placed officers from his bank onto other companies' boards, thus carrying out the interlocking directorate method.