Digital History (2024)

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J.P. MorganNext
Digital History ID 3164
During the Gilded Age, J.P. Morgan stood astride the nation's financial world like a colossus. His banking house erected the structure of the most prominent American industries in the Gilded Age beginning with the railroad.Convinced that cutthroat competition had to give way to order, he consolidated competing railroad lines and many other industries. He organized syndicates to float bond and stock issues that gave birth to such companies as AT&T (which dominated the nation's telephone industry for decades), General Electric, and U.S. Steel(the world's largest steel manufacturer). A voracious collector, he also spent $60 million on paintings, sculptures, rare books, and manuscripts.

His critics considered him a ruthless capitalist pirate, thepersonification of the oppressive power of Wall Street that wouldcrucify mankind on a cross of gold. But his goal was to replacecutthroat competition with economic stability. Morgan was instrumentalin helping to create the modern American economy. After the Panicof 1893, he reorganized many bankrupt railroads and industrialcompanies. He assembled U.S. Steel, the world's first billion-dollarcorporation, and helped establish International Harvester andGeneral Electric. He believed that the combination of rival interestsinto rational systems was necessary to stabilize the U.S. economyand to prevent harmful price wars.

During a financial panic in 1907, which threatened to triggera run on the nation's banks, Morgan took charge. He assembledthe leading bank presidents in his library and locked the door.At 4 a.m., his lawyer read them an agreement stipulating how mucheach must pledge to the bailout package. "There the place..."Morgan told one banker, "and here's the pen."

When he decided to buy the Carnegie Steel Company on the wayto forming United States Steel, he asked Andrew Carnegie to namehis price. Carnegie wrote $480 million on a sheet of paper. Morganglanced at the paper and said, "I accept this price."

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Digital History (2024)

FAQs

What is digital history examples? ›

Digital history outputs include: digital archives, online presentations, data visualizations, interactive maps, timelines, audio files, and virtual worlds to make history more accessible to the user.

Is digital history a good source? ›

Digital History also is listed as one of the top five resources in U.S. History according to Best of History Websites.

Is digital history a textbook? ›

Digital History is an impressive project. It is an ambitious use of multiple digital tools, bound together through a central website. It includes links to a digital textbook, original documents, multimedia, reference and online exhibits that are available for multiple uses.

What are digital sources in history? ›

Digital history involves the use of digital tools to:

Research, analyse, and visualize patterns in historical information. • Present research findings and historical narratives in an enriched content format that is both informative and entertaining.

Is digital history a database? ›

"Digital history is an approach to examining and representing the past that takes advantage of new communication technologies such as computers and the Web. It draws on essential features of the digital realm, such as databases, hypertextualization, and networks, to create and share historical knowledge."

What is digital example? ›

Common examples of digital technology and concepts include the following: Digital and electronic devices. This is physical equipment that uses digital data. Examples of digital devices and electronics include PCs, smartphones, cameras and laptops.

Is Google a digital library? ›

Google works with many libraries from around the world to include their collections in Google Books. The libraries receive a digital copy of every book scanned from their collections to preserve and make available to their patrons where copyright law allows.

Do students prefer digital textbooks? ›

The study concluded that 74.6% of students prefer e-books in terms of easy to carry and 80.6% of them spent more than 1 h reading from e-books, while 66.7% of the students preferred printed books due to the ease in studying and 67.9% favored as it is easy to make notes.

What does digital mean for books? ›

Digital Books

The library scans the book into PDF files, and makes the PDF copy available to view from OneSearch in the digital viewer. Digital books are not available for downloading or printing. Most digital books are textbooks required for a class.

What are the 4 types of sources in history? ›

The sources of history are of three types; Material sources , Written sources and Oral sources.In order to find out what happened in the past and how it happened , evidence available from all these sources is collected and thoroughly examined to determine its reliability.

What are the examples of digital era? ›

Q. What are some examples of Digital Innovation?
  • Artificial Intelligence (AI) for personalized customer recommendations.
  • Internet of Things (IoT) devices that enhance automation and data collection.
  • Augmented Reality (AR) for immersive customer experiences.

What are some digital sources? ›

Digital Resources Examples
Examples of Digital Resources
E-booksKindle, Nook, iBooks
Digital ArchivesInternet Archive, Library of Congress Digital Collections
Social MediaTwitter, Facebook, Instagram
Online News SourcesCNN, BBC, New York Times
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Sep 15, 2022

What is an example of digital content? ›

Digital content can include text, images, audio, video, animations, interactive features, and more. This type of content can be used for various purposes, such as entertainment, education, communication, marketing, and e-commerce . Some examples of digital content include: E-books, blogs, articles, and newsletters.

What is digital learning examples? ›

Digital learning can take form in a blog, a video, a real-time lecture or seminar or even just an audio file. Digital learning will include at least one piece of technology such as a computer, laptop or mobile phone.

What is an example of a digital research? ›

Examples of digital research methods

Using a social media platform (e.g. Facebook) as an online discussion forum. Conducting online surveys or consultations (e.g. using Survey Monkey or Google Forms). Using the internet as a data source - analysing websites/blogs/articles on a specific issue.

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