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The Pujo Committee:In 1912, Congress created the Pujo Committee to investigate the "money trust," a.k.a. a community of bankers and financiers that had a tight hold on the nation's economy. Shortly after, committee singled out Morgan, and discovered that he had monopolized over 112 companies, totaling over $22 billion. These findings would accelerate further anti-trust reform and would ruin Morgan's business reputation.
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