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Essay heading: J.P Morgan
 
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Issue: American History
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Date added: July 13, 2005
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No of pages / words: 2 / 345
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He made sure that investors would not lose their money by eliminating the debt on railroads he sold. He also had his people take charge of the railroads to make sure everything was being handled correctly. This system became known as Morganization. He would set up voting trusts which was when investors would put their money in trusts that allowed Morgan and his partners to be able to have a say in the way railroads were ran...
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Morgan did not favor competition when it came to business. He thought it was a pointless and only ended up losing money.
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