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The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance Kindle Edition
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From Publishers Weekly
Copyright 1991 Reed Business Information, Inc. --This text refers to an alternate kindle_edition edition.
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.”The New York Times Book Review
As informative and entertaining a history, especially of the period from 1880 to 1930, as this reviewer has ever read . . . Nowhere has our tenuous financial system been better described than by Chernow.”John Rothchild, Los Angeles Times Book Review
Chernow deftly mixes biography with economics and explicates arcane matters of high finance with sparkling clarity. . . . A fascinating historical journey from Charles Dickens’ London to Tom Wolfe’s New York.”David M. Kennedy, The Atlantic Monthly
An astonishingly detailed and fascinating story of the Morgan banks and the men who have run them. Chernow uses his gift for description to bring out vividly the personalities of his principals.”Don Keown, San Francisco Chronicle
Epic . . . Chernow melds deep insights into the life and times of Morgan bankers over 150 years with the flow of world history and the growth of banking and finance. With rich detail and warmth, he brings to life the defunct species of gentleman banker.”Bill Barnhart, Chicago Tribune
- ASIN : B003CIQ57E
- Publisher : Grove Press; Illustrated edition (March 16, 2010)
- Publication date : March 16, 2010
- Language : English
- File size : 4250 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Enabled
- Word Wise : Enabled
- Print length : 1127 pages
- Lending : Enabled
- Best Sellers Rank: #55,259 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
Top reviews from the United States
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As it stands, the good parts are great, for their context about how massively powerful Morgan was, and the beautiful historical anecdotes included.
As all Chernow books, well researched and reasoned. My favorite of his: Titan - the John D. Rockefeller biography. Clearly he has a financial penchant.
The book stops in the late 80's - so you can only wish for an updated view of the merger with Chase Bank and the role of the bank in the Great Recession and its current compliance problems. Ron, how about an update??
Top reviews from other countries
The first two thirds of the book tell the history of the Anglo-American bank and how power shifted slowly yet unstoppably from London to New York. It is the story of the two Morgans: Pierpont and his son Jack. This is by far the core of the book and the best of it. It is a fascinating story leading the reader through the days when the rules where made to cope with the progress and the accumulation of wealth. This is the time of the trains and steel industries, of buildings and investments of a size not conceived, let alone tried, only a mere two decades before. It was the classic age of capitalism and New York was its Athens.
The last third of the book, roughly after the death of Jack Morgan and the end of WWII is far less interesting. The bank becomes only one more in an ocean of entities and the Directors are now mere plebeians who must compete fiercely for a piece of the market. The Guinness scandal in the 1980s is only a sad epitaph for an era long gone.
The book's prose is very good and, even at 700 plus pages, it grasps us and doesn't seem that long. In some parts we want to get deeper. However, towards the end it is boring because we do not care anymore. The Morgans are gone and other names and people we neither know nor care step in. Then come the merges, the globalisation and another Century.
The bank is still big, the aura is long gone. There's virtually nothing to tell.