How Did John Pierp Morgan Create A Monopoly

John Pierpont Morgan was a successful financer, that more than once saved the U.S economy; he would manipulate the economy to his will, before the Federal Reserve was assembled. As a result in order to acquire all of this power he would create monopolies. John Pierpont Morgan was trying to create a steel monopoly, and was already a stockholder of every railroad company. According to investopedia John would merge with other strong competitors, this would expand his reach throughout the market and have more control over certain businesses, as well reduce competition, therefore, creating monopolies. Under those circumstances, people started questioning the immense control that he held over the economy, he was praised and criticized for his involvement