- clamp down and keep going
- Jun 19, 2013
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I recently read The House of Morgan by Ron Chernow, a good book at not only the Morgan family but also the associated banks: Morgan Stanley, Morgan Grenfell and J.P. Morgan and Company from the founding of George Peabody & Company to J.P. Morgan & Company leaving 23 Wall Street in 1989. Chernow not only does a good job of explaining how the banks worked, he also explained financial events and laws clearly, like the Glass-Steagall Act, the Panic of 1893 and the Gold Standard. The books biggest issue is that it has many moving parts, particularly in later chapters, that it can sometimes lose focus. Overall though it is a very good history of the financial system and the Morgan banks.
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Apr 7, 2014 07:55
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