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
Biographical, in-depth & involving
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.
If the subject matter was interesting to me
Appropriate, clear, correct
This is a VERY long read. Fortunately the subject matter was fascinating, but it was a lot to get through. I normally prefer unabridged books, but I felt every mile of the marathon read when I finished it.
"Monumental. Loved it."
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.
"Starts out strong but then fractures"
Absolutely! Chernow's book on Rockefeller is one of my all time favorites! Writing a book about an investment bank that is both interesting and compelling throughout is a herculean task. Ron Chernow has done as good a job as can be done for such a book. This book is 34 hours and 36 minutes long so keeping the mind engaged was challenging in the end where the company was so fractured was difficult
It depends on the friend but in general - no. Most would not enjoy this book and would find the details of investment bankers dealings quite tedious. If a friend was interested in understanding the financial history of the US economy and the forces that shaped it - I would recommend this book.
Lamont was an interesting and complex man.
No. I think Chernow has pretty much covered everything.
The book is very monolithic in the begining with the powerful J.P. Morgan - but as the company moved out of the hands of the Morgan's and became more fractured I found it more difficult to follow all these little men.
"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!
"Excellent and Informative Book!!!!!"
I am a studying to get a bachelors in Finance. This book has given so much information about Finance and International Business. This book and Ron Chernow's other book "Titan" clears up a lot of misinformation and also gave confirmation of pieces of information I have came across regarding finance. A must read!!!!!
Robertson Dean takes what could have been a dry financial history and turns it into a fascinating tale. I did not catch a single mispronunciation, even on foreign words like "cognoscenti" and "pince-nez." He is one of the best in the business. I thoroughly enjoyed the book, particularly because it confirms the hair-raising truth about central banking described by G. Edward Griffin in "The Creature from Jekyll Island."
"An Extremely Thorough Book"
This is a very long and thorough book. The author and reader both do a great job to bring it alive with unusual personalities and the human story. I enjoyed it immensely. Thanks for the great listen.
"Widely Encompassing History"
My complaint with this work is that it is overreaching, a bit too all encompassing, to the point that it becomes a bit unwieldy. It's strongest moments are the stories of people, the fly on the wall moments, especially early on in the book, Peabody and Pierpont Morgan. As the book progresses, it delves too much into World History, and becomes more of a summary, less of the "scene", as a result. I found Chernow's later work on Hamilton, far more compelling due to its narrower scope. That said, I enjoyed and would recommend this to readers interested in world history with an emphasis on finance.
I disliked the narration by Dean, just a personal take, his voice lacked tonality for me, withdrew rather than added any drama or interest.
"Some fascinating subject matter stretched across a"
limited topic. Sometimes a subject that seems too broad to cover doesn't have enough real meat to live up to the name of a meal.
Overall I would recommend the book for the insight it can give into Morgan's interaction with many of history's 'big' moments... but there is a lack of real driving purpose in the story of the bank's founders and progenitors that can be had in focusing on some of the period's other lofty figures and stories. I don't fault the author and I'm glad to have had a listen.
"A must read historical insight."
History tells of events that happened. The House of Morgan gives real insight as to why and how historical events happened.
"Chernow has done better..."
But the subject of banking is not exactly a murder mystery. As such, the book's sub-plot biographies of Junnius, JP and Jack Morgan rescued what otherwise would've been some pretty dry history. Unfortunately, Jack died long before the House of Morgan concluded, leaving a pretty tedious ledger sheet of complex finance, corporate takeover, incomprehensible economics and Wall Street greed. What else is new?
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