The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance |
Buy The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance here, one of 701 Brazil History books offered for sale at discount prices here in the history books section at R bookshop. There are currently 73132 history books in our history books section, and over 1,000,000 books listed in our book store. We greatly appreciate your patronage at R bookshop and look forward to offering you a large selection of great books at discount prices now and in the future. Thank you for shopping at R Bookshop!
|
You Are Here: Home > History Books > Brazil History > Item 10
 |
The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance
|
by Ron Chernow
Sales Rank: 5340
|
Discount: 33 %
List Price: $22.00
$14.96
At Amazon
on 6-19-2008.
|
|
|
|
Features
Cover Type: Paperback with 832 pages
Published by: Grove Press; Reprint edition September 20, 2001
Written in: English
ISBN 10 Number: 0802138292
ISBN 13 Number: 978-0802138293
Book Dimensions:
8.9 x 6 x 1.9 inches
Weighs: 2.5 pounds
From Publishers Weekly
J. P. Morgan Sr.'s close relationship with Teddy Roosevelt; his son Jack Morgan's clientele of governments, finance ministers and central banks; and the Morgan realm's split under New Deal legislation are examined in detail in this National Book Award winner. "Packed with revelations, Chernow's mammoth history demystifies the inner workings of the secretive Morgan banking empire," PW said . photographs . Author tour.
Copyright 1991 Reed Business Information, Inc.
--This text refers to an out of print or unavailable edition of this title.
From Library Journal
Chernow vividly portrays the influence that the Morgan banks have had on the history of the Western economy since the late 18th century. The epic story of the development of the American industrial experience is inextricably related to the history of the Morgan banks. Though this fascinating story is virtually the same as that told by Kathleen Bunk in Morgan Grenfell 1838-1988 ( LJ 12/89), Chernow adds color and personality with an emphasis on the 20th-century development of the bank. Working with recently discovered Morgan archives, he reveals institutional details long hidden by the protective secrecy of the family. This superb history will be an important book. BOMC, Fortune, and History Book Club featured alternates. --Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.
Copyright 1990 Reed Business Information, Inc.
--This text refers to an out of print or unavailable edition of this title.
Reader Reviews
Ron Chernow is truly awe-inspiring. This is one of several, incredibly complete biographies that he has written. At 700 plus pages this is an incredibly long book. Unfortunately it is an uneven read. I became progressively less interested in the book as I went along; however, it was worth the effort to complete. The first section, which he calls the Baronial Era in banking, is fascinating, and for me it was a page-turner. The Morgan banking house actually began as the George Peabody bank in England, and Junius Morgan was brought over from the US to be his successor. Junius Morgan took the bank to a level far beyond where Peabody had, and then his son JP Morgan Sr. took over. JP Morgan Sr (Pierpont) is the name most associated with Morgan banking, and he was an enormously powerful and colorful character. This was the infamous age of the "Robber Barons" the rise of American railroads, big steel, and the oil industry. Pierpont was at the center of it, commanding industry while collecting art, building yachts and cavorting with women. It makes a great story. Pierpont was succeeded by his son JP Morgan Jr(Jack) who headed the bank during what Chernow called the "Diplomatic Era". The book became less interesting. Jack was nowhere near as colorful as his father, and his reign over the bank nowhere near as autocratic. Several other bankers, among them Dwight Morrow (father of Anne Morrow Lindbergh) were major players at the bank. The bank played a huge role on the international stage in this era, and while it had strong ties to England (and its sister bank Morgan Grenfall) it also helped finance the rise of the Nazis, Mussolini and the nationalists in Japan. This was also the period of the roaring twenties and the depression. The story told in the book is not quite as gripping because it doesn't hinge on a single character, but the events impacted and the role played by the bank were enough to keep me reading with interest and occassionally complete absorption. The third era covered was the "Casino Era". As a result of the Glass Steagle Act, the bank split into Morgan Guarantee and Morgan Stanley. This section of the book also tells about the demise of Morgan Grenfall in England. This is essentially the modern era of banking where the investment bankers at Morgan Stanley and Morgan Grenfall became involved in takeover battles and modern securities. Morgan Guarantee became a fairly staid, and boring, commercial bank. This section of the book had the least interesting characters. I found it to be pretty dry. I have read several books about the various takeover battles, so this account, which was more of a survey, lacked the blood and drama of other accounts I have read. Finally, from the perspective of 2005, the last section of the book, covering the most recent time period, feels a bit dated. I know more about what happened to both Morgan Guarantee and Morgan Stanley than Chernow knew when he wrote the book, so the very last few chapters felt out of date. Overall it was also interesting to see the interaction between the history of the bank, and social history. The bank originally was very "white shoe", male and protestant. It hired its first Jewish banker in 1963. Pierpont and Jack were quite anti-Semitic. Yet, within its confines, the bank was also a meritocracy and afforded many of its employees entree into the upper classes. Although, it can be a bit of a slog at times, if you are interested in the world of banking and finance, or the history of the 19th and 20th century, this is an excellent book.
Comment | |
(Report this)
Back To Top
|
The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance
Available from Amazon
Price: $14.96
Updated on 6-19-2008.
|
NOTICE: All prices, availability, and specifications
are subject to verification by their respective retailers.
| We offer The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance and other related Brazil History Books here at Rbookshop.com. To view more books about Brazil History please use the previous and next buttons near the top of this page.
|
|
Search for books at
