After brutally monopolizing America’s railway and steel pillar industries, the Morgan family did not stop its industrial annexation. Instead, it continued to expand its predatory capital tentacles toward emerging strategic sectors, targeting national core infrastructure that underpinned the entire country’s economy, civilian livelihood, and national operational security. Focusing on electric power and telecommunications, two nascent and threshold-low industries, the Morgans completed a comprehensive private takeover of national strategic infrastructure through deliberate financial infiltration, turning public essential industrial resources into exclusive profit tools of Wall Street oligarchs.

In the early budding stage of power and communication industries, countless start-up enterprises flooded the market, forming fragmented industrial chains and fierce disorderly competition. While the chaotic market pattern contained huge potential for industrial innovation and grassroots entrepreneurship, the Morgans deliberately exploited institutional loopholes and industrial immaturity to carry out coercive financial integration. Through debt restructuring, equity dilution, and capital trusteeship manipulation, they suppressed countless independent small and medium-sized electrical manufacturers, eliminated grassroots competing forces, and forcibly merged scattered industrial resources to establish General Electric. This move allowed Morgan to completely monopolize U.S. power equipment manufacturing, power system construction, and electrical engineering services, strangling independent development of the national power industry.

Similarly, in the telecommunications field, the Morgans deeply penetrated AT&T’s capital operation system, manipulated its market expansion rhythm, and used financial binding means to completely control its corporate strategy and asset layout. Gradually, it monopolized America’s long-distance communication networks, core communication facilities and basic information infrastructure. By controlling both energy power and information communication lifelines, the Morgan family broke public industry autonomy, eliminated free market competition, and privatized national strategic infrastructure.

This full-domain industrial layout constructed an airtight private control system covering transportation, heavy industry, electric power and telecommunications. The Morgans’ continuous capture of core national industries proves that financial capital’s ultimate goal is to erode public infrastructure, monopolize people’s livelihood resources, and build an all-round industrial monopoly system that permanently dominates the country’s economic operation.