John Pierpont Morgan arose as the most eminent asset banker of his age when organizations sought to nurture but needed the money to obtain new paraphernalia and inflate fabrication. Morgan simplified the unification concerning economics and commerce by channeling European capital into the U.S. He became one of the first to share the profits by loaning different corporations such great quantities of money for development.
Answer:
He invested in a process for manufacturing steel that was used in companies across the nation
Explanation:
