Question
Answer the following about J.P. Morgan’s business ventures, for 10 points each.
[10h] Following the bankruptcy of the Northern Pacific Railway, J.P. Morgan formed this company to consolidate Midwestern railroads before it was declared a monopoly in a 1904 Supreme Court case.
ANSWER: Northern Securities Company
[10m] J.P. Morgan locked several bankers in his library to help alleviate a 1907 event given this name. Earlier, he formed the Morgan-Belmont Syndicate to resolve another event given this name in 1893.
ANSWER: panics [accept Panic of 1907 or Panic of 1893 or 1907 Bankers’ Panic; prompt on Knickerbocker Crisis or financial crises or economic crises; prompt on runs on banks; prompt on economic depressions]
[10e] Resolving the Panic of 1907 involved merging the TC&I into a company producing this good. J.P. Morgan helped merge the companies of William Moore, Elbert Gary, and Andrew Carnegie that produced this good.
ANSWER: steel [accept U.S. Steel or United States Steel; reject “iron”]
<American History>
Summary
| 2024 ACF Fall at Cornell | fall | Y | 9 | 21.11 | 100% | 89% | 22% |
| 2024 ACF Fall at Ohio State | fall | Y | 8 | 15.00 | 100% | 50% | 0% |
| 2024 ACF Fall at Washington | fall | Y | 6 | 18.33 | 100% | 83% | 0% |
| 2024 ACF Fall at Georgia | fall | Y | 12 | 19.17 | 92% | 100% | 0% |
| 2024 ACF Fall at North Carolina | fall | Y | 9 | 15.56 | 100% | 56% | 0% |
| 2024 ACF Fall at Claremont Colleges | fall | Y | 5 | 14.00 | 100% | 40% | 0% |
| 2024 ACF Fall at Rutgers | fall | Y | 8 | 16.25 | 100% | 63% | 0% |
| 2024 ACF Fall at Illinois | fall | Y | 9 | 18.89 | 100% | 89% | 0% |
Data
| Illinois A | Chicago B | 0 | 10 | 10 | 20 |
| Purdue C | Illinois C | 0 | 0 | 10 | 10 |
| Notre Dame C | Indiana | 0 | 10 | 10 | 20 |
| Iowa A | Illinois D | 0 | 10 | 10 | 20 |
| Northwestern A | Iowa B | 0 | 10 | 10 | 20 |
| WashU A | Northwestern B | 0 | 10 | 10 | 20 |
| Notre Dame A | WashU B | 0 | 10 | 10 | 20 |
| SIUE | Notre Dame B | 0 | 10 | 10 | 20 |
| Purdue B | Illinois B | 0 | 10 | 10 | 20 |