Which American financial crisis did J. P. Morgan help resolve in 1907?
Panic of 1907
Great Depression
Panic of 1893
Panic of 1873
Answer
During the Panic of 1907, J. P. Morgan organized a coalition of financiers that saved the American monetary system from collapse. His actions during this crisis further solidified his influence over the nation's financial policies and market forces.
J. P. Morgan IQ Test: How Smart Are You When It Comes to J. P. Morgan?
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