How did the captains of industry like j. p. morgan respond to signs that the stock market was about to collapse?

The captains of industry like J.P. Morgan respond to signs that the stock market was about to collapse by meeting each other and trying to save the market. J.P. Morgan invited the leading bankers and financial experts to his home where they set up a shop in his library. They labored to channel money from strong institutions to weaker institutions to keep them afloat. Their efforts improved the condition of the economy over several weeks.