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The House of Morgan book cover
The House of Morgan
An American Banking Dynasty and the Rise of Modern Finance
1990
First Published
3.96
Average Rating
832
Number of Pages
The 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.
Avg Rating
3.96
Number of Ratings
12,464
5 STARS
34%
4 STARS
39%
3 STARS
19%
2 STARS
5%
1 STARS
3%
goodreads

Author

Ron Chernow
Ron Chernow
Author · 8 books

Ron Chernow was born in 1949 in Brooklyn, New York. After graduating with honors from Yale College and Cambridge University with degrees in English Literature, he began a prolific career as a freelance journalist. Between 1973 and 1982, Chernow published over sixty articles in national publications, including numerous cover stories. In the mid-80s Chernow went to work at the Twentieth Century Fund, a prestigious New York think tank, where he served as director of financial policy studies and received what he described as “a crash course in economics and financial history.” Chernow’s journalistic talents combined with his experience studying financial policy culminated in the writing of his extraordinary first book, The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance (1990). Winner of the 1990 National Book Award for Nonfiction, The House of Morgan traces the amazing history of four generations of the J.P. Morgan empire. The New York Times Book Review wrote, “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.” Chernow continued his exploration of famous financial dynasties with his second book, The Warburgs (1994), the story of a remarkable Jewish family. The book traces Hamburg’s most influential banking family of the 18th century from their successful beginnings to when Hitler’s Third Reich forced them to give up their business, and ultimately to their regained prosperity in America on Wall Street. Described by Time as “one of the great American biographies,” Chernow’s Titan: The Life of John D. Rockefeller, Sr. (1998) brilliantly reveals the complexities of America’s first billionaire. Rockefeller was known as a Robber Baron, whose Standard Oil Company monopolized an entire industry before it was broken up by the famous Supreme Court anti-trust decision in 1911. At the same time, Rockefeller was one of the century’s greatest philanthropists donating enormous sums to universities and medical institutions. Chernow is the Secretary of PEN American Center, the country’s most prominent writers’ organization, and is currently at work on a biography of Alexander Hamilton. He lives in Brooklyn Heights, New York. In addition to writing biographies, Chernow is a book reviewer, essayist, and radio commentator. His book reviews and op-ed articles appear frequently in The New York Times and The Wall Street Journal. He comments regularly on business and finance for National Public Radio and for many shows on CNBC, CNN, and the Fox News Channel. In addition, he served as the principal expert on the A&E biography of J.P. Morgan and will be featured as the key Rockefeller expert on an upcoming CNBC documentary.

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