In what industry does J.P. Morgan primarily operate?

J.P. Morgan primarily operates in the banking industry, known for its significant influence on finance and investment. As a prominent banker and financier, J.P. Morgan played a crucial role in shaping the financial landscape of America in the late 19th and early 20th centuries. His firm was instrumental in creating and restructuring many major corporations, providing necessary capital, and supporting the development of infrastructure and railroads.

Morgan's banking practices included underwriting and consolidating businesses, which helped stabilize and grow industries. His focus on finance allowed him to exert tremendous control over large sectors of the economy, securing his legacy as a key figure among the men who built America. The other industries mentioned—manufacturing, steel, and transport—were sectors in which other prominent figures, such as Andrew Carnegie in steel or Cornelius Vanderbilt in transport, operated. However, J.P. Morgan's legacy is distinctly tied to banking and finance.