Question

In what respect do the actions of the government in the twentieth century reflect the failure of J.P. Morgan’s philosophy of holding companies?

Answer 1

The correct answer to this open question is the following.

In what respect do the actions of the government in the twentieth century reflect the failure of J.P. Morgan’s philosophy of holding companies? In that, the government did not allow the creation of more monopolies that controlled industries as had been the case of the Rockefellers or the Carnegies and the support of the creation of labor unions that represented the interests of the workers that had been exploited by greedy owners. The government supported the idea to create an economic system that also helped the American workers to receive benefits of their labor.

Answer 2

The actions of the government in the twentieth century were to bail out businesses who were in need of help. This was the same thing JP Morgan believed should be done with businesses. Neither worked very well.  J.P. Morgan & Co. Incorporated is a holding company for entities engaged in a wide range of banking activities worldwide.