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1. Which is the best explanation of how J.P. Morgan is noted to have thwarted the financial crisis in the early 1900s?
His businesses had a positive effect on the US economy.
He became the President of the United States and implemented programs which improved the economy.
His business model did not create monopolies so other industries were able to enter the market.
By turning over the control of his businesses to the US government.
2. Why was J.P Morgan scrutinized despite his influence on the US economy?
J.P. Morgan only helped overseas economies and did not focus on America’s economy.
This was due to his refusal to not assist the American government in financial matters.
He was blamed for the cause of the financial crisis.
He was accused of creating monopolies.
3. Which of the following is the best reason for why monopolies in an industry considered bad in the reading?
Only the government benefitted from the monopolies.
Mainly because it meant conducting business in industries overseas and not in your homeland industry.
It did not allow others to enter the industry, only one business dominated and controlled one particular industry.
It was a great way to create competition with many different businesses in one industry.
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