Regular price: $34.96
Buy Now with 1 Credit
Buy Now for $34.96
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.
8 of 8 people found this review helpful
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!
10 of 11 people found this review helpful
all round good narrative but very very monotonous voice. the narrator did the best he could...
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.
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.
1 of 1 people found this review helpful