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This is the first Ron Chernow book I have read. Wow, what a storyteller. I presume the reader already has an interest in the overall topic. Mr Chernow has a way of plucking out a telling little detail that sets a scene or gives a sense of a personality marvelously. And he tirelessly delivers this sort of thing across a vast canvas. He did the same with Alexander Hamilton, as I have since heard it. I hope an audio of his book "The Warburgs" is forthcoming.
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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.
5 of 5 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