History

What is Morganization?

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Morgan's motive was to guarantee high profits by stunting competition. His first major effort to create business monopolies during this time was his financial supervision of the reorganization of the railroad industry on the East Coast of the United States. This effort was often dubbed "Morganization." By the beginning of the 20th century Morgan made U.S. railways into a vast inter-related empire.

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Get more facts and information about Morgan, John Pierpont from Gale Encyclopedia of U.S. Economic History at Encyclopedia.com.

Similar questions: What was J.P. Morgan's motive? How did J.P. Morgan guarantee high profits? [ Hide these questions ]

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