The Glass-Steagall Act resulted in the breakup of this man's major achievement.
The Glass-Steagall Act resulted in the breakup of this man's major achievement. One of the first deals he brokered merged the Thomson-Houston company with Edison's company to form General Electric. His later deals included creating the International Harvester Company and a grouping of transat- lantic shipping lines, as well as one that created U.S. Steel from Carnegie's company. He became the head of the first billion-dollar company at the turn of the 20th century when he purchased the steel businesses of Andrew Carnegie, and he would also later encourage many bankers to pledge large sums of their own money to shore up the economy during the Panic of 1907. Name this American financier who ran U.S. Steel and whose namesake bank still operates in New York.
The Glass-Steagall Act resulted in the breakup of this man's major achievement.
John Pierpont Morgan