What major company does JP Morgan come to control, becoming one of the largest in America?

• A. Tesla Industries
• B. General Electric
• C. Westinghouse Electric
• D. Rockefeller Electric

Answer: (B)

JP Morgan played a significant role in the consolidation and finance of major industrial companies in the United States during the late 19th and early 20th centuries. One of the most notable companies he came to control was General Electric. This occurred particularly through his influence in restructuring and financing the company, which was formed from the merger of Thomas Edison’s General Electric Company and the Thomson-Houston Electric Company. Under Morgan's guidance, General Electric grew to be one of the largest and most important firms in America, particularly in the electricity and technology sectors.

Other companies listed, such as Tesla Industries and Rockefeller Electric, either did not exist in a comparable form during Morgan's era or were not under his influence. Westinghouse Electric, while a major player in the electrical industry, was founded by George Westinghouse and often competed with General Electric, rather than being controlled by JP Morgan. Therefore, the choice of General Electric highlights the significant impact JP Morgan had in shaping the American industrial landscape.