Which company became the first billion dollar corporation in 1901

J. P. Morgan created the first billion-dollar corporation by combining three large steel companies.

  • J.P. Morgan played a vital role when he gained control of industries like railroads.
  • Morgan helped in saving the American economy from financial problems.
  • He purchased stock in troubled companies during difficult times in the country.
  • J.P. Morgan began to invest in the steel industry and chose to join with Carnegie steel.
  • He was able to merge companies in 1901 and form the United States Steel Corporation.
  • He also financed industrial organisations that formed General Electric corporations, the United States Steel and International Harvester.

Thus option D) J. P. Morgan is the correct answer.

Learn more about “J.P. Morgan” here:

brainly.com/question/11322361

Leave a Comment