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Loading... The House of Morgan: An American Banking Dynasty and the Rise of Modern…by Ron Chernow
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will love Sign up for LibraryThing to find out whether you'll like this book. Riveting reading with an undercurrent of soul to go with the finance. 2616 The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance, by Ron Chernow (read 14 Jun 1994) (National Book Award nonfiction prize for 1990) This book interestingly tells of J. Pierpont Morgan (born 1837, died Apr 1, 1913) and his son J.P. (Jack) Morgan (born Sep 7, 1867, died 13 March 1943) and also tells of famed Morgan partners Tom Lamont, Dwight Morrow, and Russell Leffingwell. The account of the time since 1960 is more complex and I'm not sure I did a very good job following it. Well worth reading. I had not even realized the Morgans weren't Jewish--they were actually anti-Semitic. I never got that information from Father Coughlin's paper, Social Justice, which I read as a youth in the late 1930's and early 1940's. Business -Banking, finance Although not as captivating as Titan (Chernow's biography of J.D. Rockefeller) The House of Morgan is fascinating and informative. Chernow is a master of his material; drawing the reader through the life and times of J.P. Morgan. The book doesn't make many judgements, but lets the reader decide. I highly recommend any book by Ron Chernow.
As a portrait of finance, politics and the world of avarice and ambition on Wall Street, the book has the movement and tension of an epic novel. It is, quite simply, a tour de force.
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The House of Morgan is the most ambitious history ever written about an American banking dynasty. Hailed as an investigative masterpiece, it traces the trajectory of the J. P. Morgan empire from its obscure beginnings in Victorian London to the crash of 1987 and beyond. A rich, panoramic story of four generations of Morgans and the powerful, secretive firms they spawned, it is the definitive account of the rise of the modern financial world.
From the period glamor of the late nineteenth century to secret alliances during both world wars, The House of Morgan is studded with startling revelations about the men and women -- Henry Ford, Franklin Roosevelt, Nancy Astor, Winston Churchill, Adnan Khashoggi, Paul Volcker, and many others -- who have transformed the financial and political world in the past 150 years.
(retrieved from Amazon Fri, 24 Apr 2009 07:58:17 -0400)
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The book is "heavy". And not just physically - because it is a BIG book - but intellectually. I enjoy non-fiction, but this was a lot more dry than I prefer, and the detailed analysis of the characters surrounding the foundation of the bank and some of the financial dealings which helped it succeed just didn't hold my interest.
Maybe if I kept going, there could have been more "development" - but I gave up barely as the bank was founded. When I literally fell asleep in the middle of reading a page (something I virtually never do), I figured it was time to give up the ghost.
Quality writing for sure, but maybe a little too limited an audience for me.