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    Cover of The House of Morgan

    The House of Morgan

    Ron Chernow · 1990

    The winner of the National Book Award and now considered a classic, The House of Morganis 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 Morgantraces 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 Morganis 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.

    Economics & FinanceBusiness & Management
    Open LibraryAmazon
    Stats for nerds
    3recommend
    3mentions
    3people
    2013–2026years
    100% recommend

    Mentions per year

    20132015201720192021202320252026

    What Hacker News says

    1. registeredcornMar 2026
      If you haven't, I'd encourage you to give "The House of Morgan" by Chernow a read.
      thread
    2. JacobDotVIMar 2020
      House of Morgan - biography of JO Morgan and kin

      Snowball - biography of Warren Buffet

      The Good Earth - novel about Chinese farmer

      Fortune’s Children - the rise and fall of the Vanderbilts

      thread
    3. danmaz74Mar 2013
      The (not so) funny thing is that this has been a very well known problem for... ever. I'm reading "The House Of Morgan: An American Banking Dynasty and the Rise of Modern Finance" by Ron Chernow - highly recommended - and you can find the same mechanisms and scandals (with little variances) dating back at least to the 1920s.

      Mixing trading and underwriting in the same firm is bound to create enormous conflicts of interest, no matter how tall the internal "Chinese walls" between departments are. This is imho definitely a place where strong regulations and strong checks are needed.

      thread

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