Jeffrey E. Garten
''The House of Morgan'' is much more than a detailed and colorful description of a family and an institution, more than a parting of the curtains on the three secretive Morgan firms....''The House of Morgan'' is no expose, being free of gossip and the kind of backstabbing that usually takes place when writers interview former partners or competitors. But neither is it dry. Mr. Chernow has managed to get close to his characters in their business achievements, and in the anguish of their personal lives too. The story is beautifully balanced. The author is respectful of the enormous power wielded by the Morgan men, but he is also often skeptical of their motives. He extols the accomplishments of certain partners, but he highlights as well the egregious lapses of judgment and the moral flaws of the executives, including the deep strains of anti-Semitism in the Morgan culture....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. -- New York Times
Publishers Weekly - Publisher's Weekly
J. P. Morgan Sr.'s close relationship with Teddy Roosevelt; his son Jack Morgan's clientele of governments, finance ministers and central banks; and the Morgan realm's split under New Deal legislation are examined in detail in this National Book Award winner. ``Packed with revelations, Chernow's mammoth history demystifies the inner workings of the secretive Morgan banking empire,'' PW said . Photos . Author tour. (Mar.)
Library Journal
Chernow vividly portrays the influence that the Morgan banks have had on the history of the Western economy since the late 18th century. The epic story of the development of the American industrial experience is inextricably related to the history of the Morgan banks. Though this fascinating story is virtually the same as that told by Kathleen Bunk in Morgan Grenfell 1838-1988 ( LJ 12/89), Chernow adds color and personality with an emphasis on the 20th-century development of the bank. Working with recently discovered Morgan archives, he reveals institutional details long hidden by the protective secrecy of the family. This superb history will be an important book. BOMC, Fortune, and History Book Club featured alternates. --Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.
From the Publisher
Winner of the National Book Award
“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.”—The New York Times Book Review
“As informative and entertaining a history, especially of the period from 1880 to 1930, as this reviewer has ever read . . . Nowhere has our tenuous financial system been better described than by Chernow.”—John Rothchild, Los Angeles Times Book Review
“Chernow deftly mixes biography with economics and explicates arcane matters of high finance with sparkling clarity. . . . A fascinating historical journey from Charles Dickens’ London to Tom Wolfe’s New York.”—David M. Kennedy, The Atlantic Monthly
“An astonishingly detailed and fascinating story of the Morgan banks and the men who have run them. Chernow uses his gift for description to bring out vividly the personalities of his principals.”—Don Keown, San Francisco Chronicle
“Epic . . . Chernow melds deep insights into the life and times of Morgan bankers over 150 years with the flow of world history and the growth of banking and finance. With rich detail and warmth, he brings to life the defunct species of gentleman banker.”—Bill Barnhart, Chicago Tribune
MAY 2014 - AudioFile
Why would a listener devote more than 34 hours to the history of a bank? Even with Robertson Dean's capable reading and eminently listenable voice, that's a long time—unless you have an interest in the American financial system and how it got to be the way it is. The House of Morgan and its components (some have changed since the book was written in 1990) dominated and sometimes shaped our economy for more than a hundred years. There are too many characters for Dean to make them all clearly distinguishable, but he keeps the story moving forward. There may be better sources for the biographies of the Morgan family, but this audiobook lays the groundwork for an understanding of modern finance. D.M.H. © AudioFile 2014, Portland, Maine
