What industry did J.P. Morgan NOT finance?

J.P. Morgan, a prominent figure in American finance during the late 19th and early 20th centuries, played a crucial role in financing and consolidating several key industries that were pivotal to the growth of the U.S. economy. His involvement in electricity, steel, and railroads is well-documented; he was instrumental in organizing major deals and investments that helped these industries expand.

In contrast, agriculture did not receive the same level of investment or financing attention from J.P. Morgan. While agriculture is a vital part of the economy, it was not an area where J.P. Morgan focused his financial efforts. Instead, his interests were directed towards industries with significant potential for growth and profit, such as railroads—essential for transportation and commerce—steel, a backbone of industrialization, and electricity, which was becoming increasingly important in American life and industry.

Therefore, the choice identifying agriculture as the industry that J.P. Morgan did not finance reflects an understanding of his investment strategies and priorities within the economy during that era.