Which of the following is an accomplishment of J.P. Morgan? Select the two correct answers
Answer 1A: Developing improved oil-refining methods
Answer 2B: Improving investment banking Practices
Answer 3C: Incorporating the Bessemer Process
Answer 4D: Creating a monopoly within the Oil Industry
Answer 5E: Helping create the Company General Electric
The correct answers are:
2B: Improving investment banking Practices
5E: Helping create the Company General Electric
The two correct answers are:
Answer 2B: Improving investment banking practices
Answer 5E: Helping create the company General Electric
To determine which of the options are accomplishments of J.P. Morgan, we need to understand what each option refers to and then evaluate if it aligns with his accomplishments. Here's a breakdown of each option:
Option 1A: Developing improved oil-refining methods
To determine if this is an accomplishment of J.P. Morgan, we need more context about his achievements in the oil industry.
Option 2B: Improving investment banking practices
This option aligns with J.P. Morgan's accomplishments, as he was known for revolutionizing investment banking and played a prominent role in shaping the modern financial system.
Option 3C: Incorporating the Bessemer Process
The Bessemer Process was a steel production technique, not directly related to J.P. Morgan's achievements.
Option 4D: Creating a monopoly within the oil industry
While J.P. Morgan had considerable influence in various industries, creating a monopoly within the oil industry is more associated with John D. Rockefeller.
Option 5E: Helping create the company General Electric
J.P. Morgan played a significant role in the formation of General Electric, making this option an accomplishment.
Based on the evaluation, the two correct answers would be:
- Option 2B: Improving investment banking practices
- Option 5E: Helping create the company General Electric