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(as of Aug 12, 2024 14:19:34 UTC – Details)
By: Ron Chernow (Author)
The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance
Reviews
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Price: $0.00
(as of Aug 12, 2024 14:19:34 UTC – Details)
By: Ron Chernow (Author)
ShaggyLa13 –
Extensive
I was never that interested in banking. That being said the historical thread of banking that has run through history as portrayed in this book is quite interesting.
H. P. –
Short History of Banking
The House of Morgan is an stand-out history of modern finance, told as the story of one of America’s great banking families. It tells the story of the shift of the epicenter of global finance from London to New York City and should serve as a reminder to we Americans that that epicenter is not fixed and can shift again.Morgan was a powerful man. During the 1907 Panic he put NYC’s bankers in a room and forced them to save the city and its banking system. A decade later it would be the federal reserve, not any banker, with that power. Even during the Great Depression, partners at J.P. Morgan made a million dollars a year. J.P. Morgan himself was shockingly cash poor (much of his wealth was in art) compared to his fellow robber barons, but those robber barons relied on him for capital, the lifeblood of all businesses. The dominance of J.P. Morgan was only broken by Glass-Steagal (this was by no means certain: FDR liked the big banks because of their internationalist bent and his fear of the power conservative small bank presidents had in small town politics).As someone who worked in banking during a youth mispent, I loved the window Chernow provides into the banking of yesteryear. J.P. Morgan was a conservative place to work, even for a banking house. In the halcyon days of the three-martini lunch, J.P. Morgan partners abstained at lunch. It was considered a career-limiting move to remove your suit jacket before entering the restroom.The House of Morgan is the first book I would suggest to anyone interest in the history of American finance and one of a few I would suggest for economic history.As in all of his books, Chernow shows off an impressive vocabulary. He uses the words correctly and fruitfully, but you may benefit from keeping a dictionary handy.
Mary M. –
Long but not dull
I initially thought this would be a very dull book but I bought it for a reader of history who is interested in business. I started it before I gave it to him, and I found it very interesting!
Krupa –
Great book – I highly recommend for personal growth
Uriel –
Hell of a book, each paragraph tells you a part of the history of the financial system as a whole and some part of the private lives of these huge bankers. Is not actually a hard read if you are into the subject, and I find most of the book really entertaining.
marcos Henrique –
The best player in the world, a person ahead of his time
NINZOO –
gutes buchhabe dies bestellt und um über JP Morgan zu erfahren also bis jetzt alles sehr interssant bin noch am lesen aber cool
janice –
quite shocked when i received this book, never receive a book like this one.Durty and with some broken pages…