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what did j.p. morgan do during the panic of 1893 that was both self - serving and an incredible act of patriotism? made andrew carnegie the richest man in america chose the next president of the united states loaned the u.s. government money to prevent bankruptcy created general electric clear my selection
During the Panic of 1893, the U.S. government faced financial difficulties. J.P. Morgan loaned the government money. This was self - serving as it enhanced his influence and wealth, but also patriotic as it helped prevent the government from bankruptcy. He did not make Andrew Carnegie the richest man in America during the panic, nor did he choose the next U.S. president, and General Electric was not created during the panic as a response to it.
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Loaned the U.S. government money to prevent bankruptcy