In which industry was J. P. Morgan the most powerful man of his time?
Show answer
in banking
He was the most powerful banker in US history.
💡 Did you know? His bank financed America’s industrialisation.
All questions with answers
Which first billion-dollar company in the world did Morgan forge?
Show answer
U.S. Steel
For this he bought Carnegie’s steel company.
💡 Did you know? It was the first company worth a billion dollars.
In the founding of which famous electrical company was Morgan involved?
Show answer
General Electric
He also financed Thomas Edison’s inventions.
💡 Did you know? Thus he linked money and the new technology of electricity.
Which state-like role did Morgan take on in the panics of 1895 and 1907, as the USA had no Federal Reserve yet?
Show answer
that of a central bank (rescuer of the system)
In 1907 he propped up the US banking system with his own money.
💡 Did you know? That crisis led to the founding of the US central bank, the Fed.
Which key industry did Morgan finance and reorganise?
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the railways
He brought order to the chaotic railroad business.
💡 Did you know? It was called „Morganization“ at the time.
Which largest bank in the USA still bears the banker's name today?
Show answer
JPMorgan (Chase)
It is today one of the largest banks in the world.
💡 Did you know? The name still stands for financial power today.
What else did Morgan spend a fortune on besides banking?
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for art and collections
His collection can be seen today in the Morgan Library in New York.
💡 Did you know? He was one of the greatest collectors of his time.
With which famous shipwreck is Morgan associated?
Show answer
with the Titanic
His shipping company owned the famous ship.
💡 Did you know? Morgan himself had booked a suite but did not travel.
Foto: Unknown author · Public domain · Wikimedia Commons
Which billionaire is shown here?
Show answer
J. P. Morgan
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