Decoding the Dealmaker: J.P. Morgan's Impact on American Industry (Reading Comp & Engaging Discussion Guide

Unpack the power and controversy surrounding J.P. Morgan! This in-depth reading comprehension worksheet delves into the fascinating story of J.P. Morgan, the "Master of Finance." Students will explore his rise to power, his strategies for industrial consolidation, and the lasting impact of his financial legacy. Was he a visionary who built empires, or a ruthless tycoon who stifled competition?

What's Included:

• A student-friendly reading passage packed with information:
  • J.P. Morgan's journey from privileged background to financial titan.
  • His role in industrial consolidation and the creation of giant corporations.
  • The "Panic of 1907" and Morgan's controversial bailout.
  • The lasting impact of his legacy on American business and finance.
• A captivating primary source: A letter from J.P. Morgan proposing a business consolidation.
• Engaging multiple-choice, matching, fill-in-the-blank, and short answer questions that promote critical thinking, historical analysis, and reading comprehension.
• A detailed answer key for easy grading.

Learning Objectives:

• Students will analyze the impact of powerful individuals on historical events (e.g., J.P. Morgan and industrialization).
• Students will evaluate the benefits and drawbacks of industrial consolidation.
• Students will understand the concept of monopolies and their potential consequences.
• Students will develop critical thinking skills by analyzing primary sources and considering multiple perspectives on a historical figure.
• Students will engage in historical debate by evaluating J.P. Morgan's legacy.

Common Core Standards Addressed:

• RI.5.1 - Quote accurately from a text when explaining what the text says explicitly and when drawing inferences from the text.
• RI.5.2 - Determine a central idea of a text and analyze its development over the course of the text, providing an objective summary of the text.
• RI.5.6 - Analyze multiple accounts of the same event or topic, noting important similarities and differences in the point of view they present.
• SS.5.7 - Explain the impact of technological innovations and business leaders on the development of the United States in the 19th century.

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