Question

multiple choice 7 points
a wave of mergers peaked between 1897 and 1904. the largest of these mergers created the first billion dollar american corporation. what was that corporation?
a. united states steel
b. standard oil
c. general electric
d. american tobacco
standard oil
american tobacco
us steel
general electric

Explanation:

In 1901, J.P. Morgan and others merged several steel - related companies. The result was the formation of United States Steel. This corporation had a market capitalization of over one billion dollars, making it the first billion - dollar American corporation. Standard Oil was a major oil - related trust but was not the first billion - dollar corporation. General Electric was an important company in the electrical industry but did not hold the title of the first billion - dollar corporation from the merger wave of 1897 - 1904. American Tobacco was a significant tobacco company but also not the first billion - dollar corporation from that merger wave.

Answer:

C. US Steel