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Publisher's Summary

Winner of the National Book Award and now considered a classic, The House of Morgan is the most ambitious history ever written about an American banking dynasty. Acclaimed by the Wall Street Journal as "brilliantly researched and written", the book tells the 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. A gripping history of banking and the booms and busts that shaped the world on both sides of the Atlantic, The House of Morgan traces the trajectory of the J. P.Morgan empire from its obscure beginnings in Victorian London to the crash of 1987. Ron Chernow paints a fascinating portrait of the private saga of the Morgans and the rarefied world of the American and British elite in which they moved. Based on extensive interviews and access to the family and business archives, The House of Morgan is an investigative masterpiece, a compelling account of a remarkable institution and the men who ran it, and an essential book for understanding the money and power behind the major historical events of the last 150 years.
©2014 Ron Chernow (P)2014 Blackstone Audio
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Customer Reviews

Most Helpful
5 out of 5 stars
By S. Yates on 06-01-17

Chernow's first book as good as his later ones

Any additional comments?

4.5 stars. This is Chernow's first published book and it is remarkable. An epic tracing four generations of the Morgan family (the progenitors of Morgan Stanley, Morgan Guarantee, and other international Morgan iterations), the biography is so much more than just that. Chernow's extensive research and eye for detail not only brings to life the Morgan men, but also places them in their world by explaining the financial and political climate of the times. The story of the Morgans and the institutions they created acts as a window into the financial history of the United States and how this country became a banking capital, wresting that title from London. And greater even than this financial history is the larger history of how financial markets played into general US and world history, including both World Wars. This book, published in 1990, takes the financial and world history up through the time of hostile takeovers, junk bonds, and the transformation of banking to the ruthless (and sometimes seemingly amoral) banking of today. A wonderful book that serves not only as a portrait of a family, but as an introduction to finance and its place as a driver of world events.

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8 of 8 people found this review helpful

5 out of 5 stars
By Matt on 08-05-14

A brilliant book for history or finance buffs

A genuine masterpiece. Beautifully written and read.

You might think a book about banking would be dry and boring - not this one! I found it gripping..

The Morgan dynasty's monopoly of large scale finance on both sides of the Atlantic spanned several generations. They were bankers to all the major world powers and key industrialists in the first half of the century.

The author does a magnificent job of bringing the characters and all the high dramas to life. It's also a superb chronicle of modern history. Listening to their exploits gave me insights and perspective on history and economics that would be hard to find elsewhere.

If you don't know anything about finance you may struggle with some of the details about financial instruments, but you'll still get a good sense of the big picture.

Regardless of your politics or what you think about bankers, if you're at all interested in history or finance this is definitely one to get.

Ten out of ten!

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10 of 11 people found this review helpful

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Customer Reviews

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2 out of 5 stars
By Amazon Customer on 09-10-17

monotonous read

all round good narrative but very very monotonous voice. the narrator did the best he could...

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5 out of 5 stars
By AVg on 07-24-15

understanding is the first step

If you could sum up The House of Morgan in three words, what would they be?

Biographical, in-depth & involving

What other book might you compare The House of Morgan to, and why?

Can't think of another. This wasn't run of the mill. It has history, personalities, thought and regulatory evolution, case studies and Morgan amidst world events shaping being shaped in turn.

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Customer Reviews

Most Helpful
5 out of 5 stars
By B. van Caspel on 03-27-17

Solid history of a institution

This was the exact type of book I hoped for, something that explained in detail the history for the Morgan banks with many sub stories that highlight everyday life, politics and business in each era.

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1 of 1 people found this review helpful

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