How Did Morgan Achieve His Stunning Reorganization and Consolidation of Businesses

Multiple Choice

How did Morgan achieve his stunning reorganization and consolidation of businesses in the late nineteenth century?

A) He sometimes formed holding companies to run his operations.
B) He used rebates to put his competition out of business.
C) He refused to get involved in the steel industry,which he considered too speculative.
D) He sometimes formed a community of interest comprised of a handful of directors.